topic Re: 1099-INT software error in Get your taxes done using TurboTax

1099-INT software error

jacobros2022 — Tue, 01 Apr 2025 19:35:29 GMT

I entered correctly my Dept. of the Treasury interest income for myself and spouse. However, the software entered the wrong information on Schedule B. The result is a calculation error by the software that I cannot correct by myself.

I have hard copies of both Schedule B and Form 1099-INT Worksheet for each of us filing jointly. I cannot proceed with my Federal taxes until this glaring error is fixed. Please help.

Re: 1099-INT software error

baldietax — Tue, 01 Apr 2025 19:41:30 GMT

would be helpful if you could share more specifics... what were the original amounts in your 1099-INT and what did it put on Schedule B, and what did you expect. What boxes other than Box 3 had amounts? Adjustments will be made for any premium Box 12).

Did you input any other adjustments to the 1099-INT for accrued interest etc?

Re: 1099-INT software error

LindaS5247 — Tue, 01 Apr 2025 19:42:01 GMT

You can try deleting the Form 1099-INT and re-entering them. You should do this manually to ensure that it is correctly input.

To delete a Form 1099-INT For TurboTax Desktop:

Open/continue your return
Click on "Search"
And in the search bar type"1099-INT"
Select "Jump to 1099-INT"
It'll take you to a screen that shows your Form(s) 1099-INT that you have entered.
Next to the Form 1099-INT you want to delete, click on the (down-Facing) caret
Click on the "garbage can" to delete this form

To delete a Form 1099-INT for TurboTax Online:

Open/continue your return
Click on magnifying glass for Search in the top right of your screen
And in the search bar type"1099-INT"
Select "Jump to 1099-INT"
It will take you to a screen that shows your Form(s) 1099-INT that you have entered.
Next to the Form 1099-INT you want to delete, click on the (down-Facing) caret
Click on the "garbage can" to delete this form

You can enter your forms 1099-INT manually using the instructions below:

Open your return
In the search Bar enter Form 1099-INT
Select "Jump to 1099-INT"
It will ask, "Did you have investment income in 2024?" Select "Yes"
Select "Continue"
Select "Skip Import"
You will Select your investment type which is "Interest"
You will "Continue"
Then you will see the screen "Let's get the info from your 1099-INT"
You will type in the information from your Form 1099-INT on that page.
Answer the follow-up questions.
You will be able to select "Add Investments" to add additional Form(s) 1099-INT.

Click here for How Do I View and Delete Forms in TurboTax Online

Click here for "How to Delete Forms in TurboTax Desktop.

Click here for information on entering a Form 1099-INT.

Re: 1099-INT software error

VolvoGirl — Tue, 01 Apr 2025 19:49:59 GMT

@jacobros2022 Do you have a Schedule B for each of you? On a Joint return there is only 1 Schedule B. What is wrong on B? The description or the amount? Is there other amounts you don’t understand where they came from?

Did you get a 1099INT for them? The amount should be in box 3 (not box 1). It will be taxable on federal but not taxable on state.

Re: 1099-INT software error

VolvoGirl — Tue, 01 Apr 2025 20:00:35 GMT

@jacobros2022 You should stick with your other post (link) and post the token number so they can look at your return. It is safe, your Personal Info will be deleted from the copy.

https://ttlc.intuit.com/community/state-taxes/discussion/software-calculation-error/00/3616210