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I received $300.00 interest from a bank in 2016 for opening a new account. My 1099-INT reports in Box 1. Turbo Tax apparently thinks I have Box 11 income (Bond income)
I am using 1040EZ. Turbo tax wants me to increase to a Deluxe version. I do not believe I would need to.
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June 6, 2019
4:45 AM
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Retirement tax questions
Edit that 1099-INT form.
Any boxes with a 0.00 in them should be blank.....in fact, any with amounts of 0.49 or less should be left blank.
..........then you won't be required to upgrade..at least not for that particular item.
____________*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*
June 6, 2019
4:45 AM
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Retirement tax questions
Thank you, I will use blank instead of .00. Let me see if it lets me make a correction.
June 6, 2019
4:45 AM