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Get your taxes done using TurboTax
Mary, I understand very well what a 1099-INT is for. That is not the problem. The problem is I have four accounts at Schwab and I normally get one 1099-R, two 1099-DIV, and two 1099-INT. But after letting TT download all my data from Schwab, it shows me two 1099-R, four 1099-DIV, and six 1099-INT, and it is asking me to review all of them, some of which TT says have $0 for income.
There are two problems here: (1) TT does not tell me which 1099 goes with which Schwab account so I cannot easily figure out what is wrong, and (2) when I click on "Review" for the 1099-INT (or 1099-R, or 1099 DIV) that shows $0, it takes me back to the download page!! I cannot fix it.
I finally came to the conclusion that the 1099 with $0 are bogus, that TT created them in error, so I just delete them. I double checked the remaining 1099s in TT against my paper copy of those 1099 and they are all correct. TT has a bug. It is creating bogus 1099s and it took a lot of double-checking by hand by me to make sure there were no other errors in what TT was doing.