DaveF1006
Expert Alumni

Deductions & credits

Since this is a glitch in Turbo Tax, I am going to suggest an alternate way to repot your interest so this error doesn't appear.

 

  • Delete the 1099 INT from your return. Go to the interest section where you reported this and delete the 1099 INT from the return.

Now go to:

 

  • Federal
  • Income and Expenses
  • Scroll down to Less Common Income and click Show More
  • Start next to Miscellaneous Income
  • Start next to Other Reportable Income
  • For description refer to this as foreign interest and then the amount.

Since interest income is ordinary income, this reporting method is acceptable.

 

 

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