AmyC
Expert Alumni

Get your taxes done using TurboTax

Fresh start and I now understand that you have a 1099-INT with treasury obligations in box 3 as the starting point. Please follow these steps:

  1. Open your return to the federal income section
  2. Select your 1099-INT and see if you have entries in box 1 and box 3. If so, split your form into 2 entries. Create a form and enter the box 1 information and all other boxes with box 3 blank. Then create the 2nd form for box 3 income. It isn't necessary, usually, but it can prevent trouble.
  3. On Tell us if any of these uncommon situations apply
  4. select I need to adjust the interest reported on my form
  5. Enter you accrued interest paid as a positive number
  6. In the dropdown menu, select My accrued interest is included  in this Form 1099-INT
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