Interest and dividends

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On section that shows other interest and dividends - poses a question which states -

These are other interest and dividend items that apply to very few people. Take a look at the list below if any of these situation apply, check the box.

* Received income from discounted loans or had foreign bank accounts or trust

* Received interest payments from a seller-financed mortgage. This is interest that is paid to you. Do not check this box for interest you paid to someone else (such as interest reported to you on Form 1098)

* None of the above

My question is why is the second box checked automatically and won't uncheck when none of the above apply is what should be marked.

Thanks again in advance,

DaveF1006

Alumni - Intuit

Tax software sometimes pre‑checks “Received interest payments from a seller‑financed mortgage” when:

You entered mortgage interest you paid earlier in the interview, and the software misinterprets it as interest you received.
You entered a Form 1098 that includes a recipient/lender section, which can trigger the assumption that you might be the lender.
A previous year’s return had that box checked, and the software carried it forward even though it doesn’t apply this year.

Why it won’t uncheck when you select “None of the above”

Most tax programs treat “None of the above” as a navigation choice, not a true override. If the system thinks you triggered the seller‑financed mortgage rule earlier in the interview, it'll keep re‑checking the box until an underlying entry is removed.

Tax software sometimes pre‑checks “Received interest payments from a seller‑financed mortgage” when:

You entered mortgage interest you paid earlier in the interview, and the software misinterprets it as interest you received.
You entered a Form 1098 that includes a recipient/lender section, which can trigger the assumption that you might be the lender.
A previous year’s return had that box checked, and the software carried it forward even though it doesn’t apply this year.

To fix.

The solution is usually to backtrack to the earlier section:
Go to the Interest and Dividends section.
Open the Interest You Received subsection.
Look for:

A stray entry showing interest received
A Form 1098 entered in the wrong place
A carried‑over seller‑financed mortgage entry
Delete or correct that entry.
Return to the “Other interest and dividends” screen — the box should now stay unchecked.

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ckw-jw51Author

Level 4

Thank you so very much for this information - I have checked my return for Form 1098 and there is no information associated with form. So I am assuming that it was just some random glitch as when I was checking that section again and I had the box "none of the above" checked and clicked continue I believe it asked if I had any Form 1098 to enter. My answer was no and then the program let me carry on with my entering other information.

Again thank you ...