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BRAZOS
New Member

I've just started doing my 2020 return and got confused on entering interest and then div.

what else if there?  I'm trying to enter int and div off my 1099s.  I've  done this plenty of times before without any problems.  Why is it different this year
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1 Reply
Cynthiad66
Expert Alumni

I've just started doing my 2020 return and got confused on entering interest and then div.

There has been some incidents of complications while entering the forms 1099INT and DIV.

 

Form 1099-INT reports interest from banks, brokerages, and other financial institutions. Here's how to enter a 1099-INT:

  1. Open (continue) your return if it's not already open.
  2. Inside TurboTax, search for 1099-INT and select the Jump to link in the search results.
  3. Answer Yes to Did you receive any interest income?
    • If you see Here's the interest we have so far, select Add interest income.
  4. On the following screen, select how you want to enter your 1099-INT (import or type it in yourself) and follow the on-screen instructions.

Form 1099-DIV reports dividend income you received from your investments. To enter this in TurboTax Online:

  1. Sign in to TurboTax and open a section of your return.
  2. Search for 1099-DIV and select the Jump to link in your search results.
  3. Answer Yes to Did you receive any dividend income?
  4. Choose your bank or brokerage from the list to import your 1099-DIV and select Continue. If you'd rather manually enter your 1099-DIV, select Change how I enter my form, then Type it in myself.
  5. Follow the on-screen instructions to enter your 1099-DIV.

Don't combine the amounts from two or more 1099-DIV forms if they're from the same payer. If you've already entered a 1099-DIV and need to enter a second 1099-DIV, select Add another 1099-DIV and follow the same steps above.

 

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