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Get your taxes done using TurboTax
Two factors that may be producing this result are age and who's listed as the recipient of your interest.
I'm sure you entered your birthdates correctly, but I'll go through the steps, just in case. In TurboTax Online:
- If you don’t see 2022 TAXES in the left pane, select the dropdown to the right of Personal Info on the Hi, let’s keep working on your taxes! page and then select Let’s get started, Pick up where you left off, or Review/Edit.
- Otherwise, in the left pane, select My Info
- Scroll down and select Edit to the right of your name
- Verify that your Date of birth is correct, then select Continue
- Go through the same process for your spouse
Now, check your Interest information:
- In the left pane, select the dropdown to the right of Federal, then select Wages & Income
- On the Your income and expenses page, scroll down to Investments and Savings (1099-B, 1099-INT, 1099-DIV, 1099-K, Crypto), and select the Edit/Add button to the right
- On the Your investments and savings page, scroll down until you see an Interest item. Select the dropdown for that item, then select Edit
- See who is listed in the This 1099-INT belongs to box. You and/or your spouse may be listed, depending on how the payer entered your Form 1099-INT
- If the entry is correct, select Continue
- Repeat this process for each of the Interest items on the Your investments and savings screen
If only your wife is listed as recipient on your Forms 1099-INT, this is why you're not receiving the exclusion.
March 29, 2023
8:49 AM