1099-INT amount not transferring to Schedule B

[quinnwas]

I have downloaded 6 1099-INT forms from my investor and all appear in TurboTax worksheets without errors; 2 of them had federally taxable interest amounts transferred into Schedule B and 4 did not.  Are there legitimate reasons for this happening?    It hasn't happened in previous years so I'm concerned.  The two that got transferred are from accounts that had positive capital gains and also foreign income, if that helps.

[ThomasM125]

Schedule B would be required if you had over $1,500 in interest or dividend income for the year.

I suggest you look at the Form 1040 to see if the interest and dividend income is reported properly there on lines 2 and 3. If those lines are correct, it is hard to imagine how Schedule B could not include those amounts, as that is where they would come from. If those totals are incorrect, you will have to review the interest and dividend entries you made to see if anything is missing or wrong.

To view your form 1040 and schedule 1 to 3:

1. Choose Tax Tools from your left menu bar in TurboTax Online while working in your program
2. Choose Tools
3. Choose View Tax Summary
4. See the Preview my 1040 option in the left menu bar and click on it
5. Choose the Back option in the left menu bar when you are done 

[quinnwas]

Many thanks... I do have over 1500, and the 1040 has the right numbers from Schedule B- but neither has the sum total of all interest from the 6 1099-INTs that were downloaded successfully from the broker.  Not sure what to do, since TurboTax doesn't allow me to add any line items to Schedule B, and the missing amounts already exist in 1099's recorded within the program... they just don't get included within Schedule B.  Could this be a TurboTax bug of some kind?

[DaveF1006]

To clarify, are you saying that all your totals, including 1099 INT totals, on Schedule B is correct but the 1099 INT totals are not broken out separately on Schedule B?  

If the totals from 1099 INT are completely missing, you would need to enter these manually in the system.

[quinnwas]

Thanks again for your reply, and sorry to be confusing.  I'm saying there are, now stored within TurboTax, 4 1099-INT worksheets with taxable income that are missing entirely from Schedule B... they simply aren't transferred into Schedule B.  I could create new interest income worksheets I guess, but the fact that this is happening makes me wonder if their non-inclusion is for a legitimate reason of some kind, and having duplicate worksheets for the same interest amounts seems off.  Or it's a TT bug, which makes me equally nervous. THx

[quinnwas]

And just to be super clear- the totals in Schedule B do not include the amounts from the 1099 worksheets whose amounts are not itemized on Schedule B.  Thanks again.

[DaveF1006]

To clarify again, is the total of all your interest payments more than $1500 and does Line 2B on your 1040 reflect the correct interest income earned during the year?

[quinnwas]

Yes and no are the answers to your questions, and sorry for not getting this info across.  Late yesterday I got to Intuit tech support.. after a long screen-sharing session with their front-line and engineering layers, the diagnosis was that TurboTax was indeed ignoring 3 of my 5 1099-INT worksheets, and likely this was due to their experience that the program has trouble if the number of downloaded INT and DIV files exceeds some maximum amount (a number which didn't seem clear to them).  Anyway, after deleting one worksheet and inputting the interest info manually (which I had intended to try after getting some kind of diagnosis), ALL THREE appeared in my Schedule B and the numbers there and in my 1040 were correct.  So this was down to some kind of Turbo Tax weirdness.  Thanks again for you help with this!