The OMB 1545-0112 is not the important information on that form. The important information is usually the letters that follow the 1099. In this case, it sounds like you have a 1099-INT. If this is the case, enter the information using the following steps:
The OMB 1545-0112 is not the important information on that form. The important information is usually the letters that follow the 1099. In this case, it sounds like you have a 1099-INT. If this is the case, enter the information using the following steps:
1099-INT--If you only have line 1 interest, you can use step-by-step. If more lines of entry, go to FORMS (upper rt corner selection) and enter that way.
Like the original poster, I got the same form #. Oddly it says Interest Income in print, but NEVER uses the 1099-INT naming convention. It is interest from my state, PA, based on a prior tax year (amended return), but paid in 2020. There is info in box 2 that says "For tax year". Turbo prompts "My form has more info than just Box 1", however BOX 2 on this OMB (For Tax Year:) does NOT match Box 2 of the 1099-INT (Early withdrawal penalty)...
I'm assuming I should skip box 2 entry and enter the interest income only. Sound right?
Yes, if your 1099-int does not contain an early withdrawal penalty amount in box 2 then you can skip it since it shows other information that will not change the dollar amount on your return.
Enter the interest income in box 1 in the return reported under the correct ein.
Thanks... but again, it is not labeled anywhere as 1099-INT, it just has the words 'interest income'. After Box 1, it only has Box 2 "For Tax Year" and Box 3 "Federal Income Tax Withheld" There are NO boxes 4-17 as on the standard 1099-INT... guess that is why it isn't formally labeled 1099-INT.
Since the Feds got a copy of it, I won't fret how to report my Box 2 'For Tax Year' ...wouldn't have changed my refund in either year. Thanks again