- I understand how to do this, have been doing this for many years.
- I have only one 1099-INT with amounts in both boxes 1 and 3. I created a new 1099-INT with only box 1 and no adjustments. I went into the pre-existing 1099-INT and removed the amount in box 1, keeping the amounts in boxes 3 and 12 and the adjustment for accrued interest.
Result: UGH! Before this change, TurboTax GA Schedule 1, line 10, Interest on U.S. obligations was high by $123. Now it is low by $460. Neither of these amounts are close to any relevant amounts.
After that, being desperate, I deleted both of those 1099-INT forms, saved the file, closed TurboTax, opened it again with that file, and reentered those 2 forms, one with box 1 only and the other with the other stuff. Same result.
THIS IS SO UPSETTING! HOW WILL I GET MY TAXES DONE?
