topic Re: manually enter 1099 interest in Get your taxes done using TurboTax

manually enter 1099 interest

clagodich — Sun, 02 Feb 2025 22:37:32 GMT

I can't manually enter 1099 interest in Intuit Turbo Tax Premier 2024. When I click on "Interest to 1099-INT", I'm am taken back to "Let’s finish pulling in your investment income". I've checked for updates and restarted my computer.

Re: manually enter 1099 interest

VolvoGirl — Sun, 02 Feb 2025 22:45:15 GMT

For 2024 Desktop. I don't like how to enter Interest, Dividends, Sales etc. Too many clicks and screens to click on and go through. There is no table on the screen (except in Forms) and you have to click though several screens to add more. And after I manually entered 3 interest it didn't ask if I wanted it to stop asking to import. Oh and Interest, Dividends and Sales are listed in the same list on the screen alphabetically. If I go to Interest I only want to see Interest!

You can switch to Forms Mode and enter them directly into Schedule B using the Interest Income Smart Worksheet. But then they won't show up in the Step-by-Step list.

To enter more you have to almost start completely over.

So go to the bottom and click on +Add Investments
Then to Import enter the bank or financial institution in the search box
Then double click on the item below

OR to manually enter, don't enter the bank name and click Skip Import at the bottom

THEN....should be a screen with 5 boxes, Interest, Dividends, Stocks, Bonds, Mutual Funds, Cryptocurrency and Other.

If you transferred from last year you get to a list of all your 1099s. To enter the amount click on Review which takes you to the beginning screen to import your tax info or go to the bottom and Skip Import. Then you get the screen with 5 boxes. Pick the kind of 1099 and Continue. Then that 1099 will show up.

Re: manually enter 1099 interest

Winde1024 — Sat, 08 Feb 2025 19:31:31 GMT

The five boxes show up on mine but my 1099s from last year do not appear and I cannot find a way to access them to enter manually. But it did ask me earlier if I had income from those places so the information is there somewhere. I also have 1099s for places not on the list and in the past it would take you to a window to add them. The Add Investments button did not do this either.

Re: manually enter 1099 interest

medlockTodd — Tue, 11 Feb 2025 08:40:38 GMT

I see the 5 boxes also. However, I am following the instructions on how to add interest information when NO 1099-int was sent by the bank (my interest was less than $10) The instructions say I should see "i"ll type it in myself" . But I never see that. I select the box that says "interest paid from bank or investment account 1099-int" then I see "let's get the info from your 1099-int". There is No "I'll type it in myself". So I put the bank name in "Payer's information" and the interest amount in "box 1 -Interest income". just to see if that would work. That seemed to work. But I feel very uneasy about this.

Re: manually enter 1099 interest

JohnB5677 — Tue, 11 Feb 2025 12:26:38 GMT

Please start from line 5.

If this is the first time entering investments

Select Wages & Income
Scroll to Investments and Savings1099-B, 1099-INT, 1099-DIV, Crypto Gain/Loss Report
Did you have investment income in 2024? Yes
A list of Financial Institutions will come up
Five boxes will come up
Select the 1099 you have - Continue
How would you like to upload your 1099-INT?
Scroll down. Select [Type it myself]
post your 1099-INT

If you entered a 1099-INT previously

Select Wages & Income
Scroll to Investments and Savings1099-B, 1099-INT, 1099-DIV, Crypto Gain/Loss Report
[Add/Edit]
The screen will show previous entries
Select a previously entered record or
[+ Add investment]

@medlockTodd

Re: manually enter 1099 interest

kindlib — Sun, 16 Feb 2025 20:14:03 GMT

Yes it is an insane pain for things like T-bills. There is no import option. You get a separate 1099-INT for each transaction and it is SO MANY clicks to enter each one. No way to automate. Turbo Tax made it way too many clicks to enter the data this year.

Re: manually enter 1099 interest

BrittanyS — Sun, 16 Feb 2025 21:25:34 GMT

There is an import option for the 1099-INT. To import in TurboTax, follow the steps below:

Sign in to TurboTax
Click Wages and Income
Click Start next to Investments 1099-INT
Click Add Investment
You will receive let's import your tax info (see screenshot below)

@kindlib

Re: manually enter 1099 interest

kindlib — Sun, 16 Feb 2025 21:49:54 GMT

Unfortunately the TreasuryDirect does not have an import option configured.

@BrittanyS

Re: manually enter 1099 interest

Anon43 — Sat, 29 Mar 2025 18:42:07 GMT

@VolvoGirl You nailed it in the last paragraph, but at first I didn't get it, because it is so counterintuitive the way TurboTax set up.

So when you hit Skip Import and it takes you back to the options, it looks like you are back to square one. But you hit the option again, and magically your Bank or Stock Name is filled out.

Hope TT fixes this for next year, and thanks again for responding with your answer.

Re: manually enter 1099 interest

Anon43 — Sat, 29 Mar 2025 19:08:40 GMT

That said, problems remain.

Stock Dividends and Bank Interest sections are all mixed up into one.
One bank from last year shows "Dividend" instead of "interest," rest of bank names are blank.

GLITCH, making an easy chore laborious and frustrating this year.