fspeltzm
New Member

Investors & landlords

i had a different problem.  box 12 exceeded  my box 1 interest income.  ttax deducted box 12 from interest income, which i believe is correct. however, after my 1040 was generated error check said that i could only deduct box 12 up to the box 1 amount & that i could deduct the remainder in some other unspecified place.

i tried an override for an investment interest expense on schedule B.  this showed on the form but was then ignored when generating the 1040.  clearly there is a bug here & sending users to unspecified places to fix it is ridiculous.