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Level 1
June 3, 2019
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Why is line 2a of my 1040 form (tax exempt interest) larger than the tax exempt interest amounts that I put in the 1099-INT and 1099-DIV using the step-by-step method?

  • June 3, 2019
  • 1 reply
  • 17 views
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    Best answer by SteamTrain
    1) can be slightly larger if you have a form 1099-OID

    2)  can also be larger for some entries on a form K-1 if you entered one of those.

    3) if a lot larger....then Edit each of the forms 1099-INT with box 8 $$ and 1099-DIV with box 11 $$ to make sure there wasn't a missed decimal...or double-keyed number.

    4) If a lot larger and you imported the 1099-INT, -DIV forms, make sure they didn't get double-entered...especially if you imported twice.

    5) still a problem?  Delete the schedule B entirely, and re-enter each 1099-INT, -DIV (and-OID and K-1 forms if you have any)

    1 reply

    SteamTrain
    Level 15
    June 3, 2019
    1) can be slightly larger if you have a form 1099-OID

    2)  can also be larger for some entries on a form K-1 if you entered one of those.

    3) if a lot larger....then Edit each of the forms 1099-INT with box 8 $$ and 1099-DIV with box 11 $$ to make sure there wasn't a missed decimal...or double-keyed number.

    4) If a lot larger and you imported the 1099-INT, -DIV forms, make sure they didn't get double-entered...especially if you imported twice.

    5) still a problem?  Delete the schedule B entirely, and re-enter each 1099-INT, -DIV (and-OID and K-1 forms if you have any)
    ____________*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*