DawnC
Expert Alumni

Get your taxes done using TurboTax

If you are using TurboTax Online, you can preview your Form 1040 and state tax summaries to compare them before and after the 1099-INT entry.   Form 1040 will show along with Schedules 1, 2, and 3.    When you are previewing Form 1040, click on your State Summary in the left side panel - you don't see the actual state form, but you will see the summary which will allow you to compare certain key numbers such as:

 

  • Federal AGI
  • Your state AGI
  • Itemized or Standard Deduction
  • Taxable Net Income
  • State Tax - before and after credits
  • Total Credits
  • Total Tax Liability

 

Also, make sure you go through the state return completely before doing any comparison.   Check the tax summary with the 1099-INT entered and then delete it and see which key figures changed.   Each state is different and they all have their own rules and tax regulations.   If you have a specific question about a change you see, be sure to tell us what state you are filing for and if you are filing any nonresident states as well.   The example below is a summary for Maryland - your state summary should be similar.

 

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