topic 1099-int Import question in Get your taxes done using TurboTax

1099-int Import question

mz15 — Sun, 16 Mar 2025 01:59:22 GMT

I am using the Desktop version of TurboTax and was able to import my form from the Chase bank. The imported data shows as 3 separate lines corresponding to 3 separate accounts I have with the bank. However the tax form .pdf file shows not only 3 separate sections for those details, but also the Summary for the entire form.

My question is: Should I enter the Summary of the data or separate Details part?

Re: 1099-int Import question

baldietax — Sun, 16 Mar 2025 02:16:15 GMT

summary is fine and best if you manual input, some banks provide a summary and some don't. Import treats each account (CDs etc) as a separate 1099-INT which creates lot more line items on your Schedule B than is needed. Frankly importing 1099-INTs is not worth it, they are very quick to input especially if the bank gives you the summary.