1099-int import does not include all interest reported

Forum|Forum|6 years ago
February 8, 2020
3 replies
35 views

When I import my 1099-int from my bank I have 4 accounts on the bank doc but only 2 accounts import into Turbo Tax. Any thoughts on why this is happening?

SteamTrain

Level 15

Might be an improper file setup at the Provider's end. (Happens a lot for ALLY).

Just enter your extra ones manually ( "I'll type it in myself" )

..... be careful, the last form may be a combined total.

Don't enter the individual ones and the combined one.

____________*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*

JSNYC

Level 2

Happens to me too. It's horrible that TurboTax has not fixed this. I only caught the error by accident. And my account is not with Ally.

BillM223

Level 15

As SteamTrain pointed out, TurboTax is not creating the 1099-INT data, it is only receiving it from another institution. It is hard to know if TurboTax has anything to fix, given that they are only half of the equation.

This is a good reminder that you have to always doublecheck any forms that are auto-imported.

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