topic Re: 1099-int in Get your taxes done using TurboTax

1099-int

jbob17 — Fri, 03 Jul 2020 15:44:33 GMT

My 1099-INT is showing $554 worth of INT but i have only entered in $28 in int. What gives?

Re: 1099-int

BillM223 — Fri, 03 Jul 2020 17:10:37 GMT

Are you saying that you have a 1099-INT that shows $554 of interest but that you entered only $28? What does this mean? Why did you enter on $28?

Or do you mean that TurboTax is only showing $28 even though you entered $554?

Remember that we in the Community cannot see your tax return nor the screen you are on.

Please tell us in which boxes you have entries on your 1099-INT and on what form and line you see the $28.

Re: 1099-int

VolvoGirl — Fri, 03 Jul 2020 17:15:30 GMT

Sounds like you are saying you only entered $28 of interest but your tax returns is showing more? Interest can come from other things like a K-1 you entered. Or even from a 1099 Div. Maybe you entered something in the wrong place. Did you import any 1099s from your bank or broker?

If you have the Desktop program you can switch to FORMS mode and look around. Open schedule B and see where it's coming from

Re: 1099-int

Anonymous — Fri, 03 Jul 2020 18:01:12 GMT

could you have entered something on the line for early withdrawal penalty or something in the adjustment section?

Re: 1099-int

jbob17 — Fri, 03 Jul 2020 18:13:25 GMT

Thanks. probably the K-1