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New Member
posted Feb 20, 2021 4:13:37 PM

For some reason I keep trying to review a 1099int and it keeps saying "Needs Review". It is the 2nd 1099int document I am adding, the first one there were no issues

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1 Replies
Expert Alumni
Feb 24, 2021 11:06:39 AM

For this entry, did you enter information other than 1099-INT box 1?  There may be multiple entries required to correctly post the entry.

 

The Internal Revenue Service requires most payments of interest income to be reported on tax form 1099-INT by the person or entity that makes the payments. This is most commonly a bank, other financial institution or government agency.  If you receive a 1099-INT, you may not have to pay income tax on the interest it reports, but you may still need to report it on your return.