Solved: 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)
Sign Up

Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
Announcements
TurboTax has you covered during Covid. Get the latest second stimulus info here.
cancel
Showing results for 
Search instead for 
Did you mean: 
New Member

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.
1 Best answer

Accepted Solutions
Level 15

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)

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.*

View solution in original post

2 Replies
Level 15

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)

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.*

View solution in original post

New Member

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)

Thank you, I will use blank instead of .00. Let me see if it lets me make a correction.
Dynamic Ads
v
Privacy Settings