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bsjcook
Returning Member

Interest and dividends

I do not have any 1099-int entered, yet it shows the same amount as in interest from Seller-Financed loan.  Can't find how to clear it.

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3 Replies
AamilD
Expert Alumni

Interest and dividends

Please follow the steps below to delete Form 1099-INT:

  1. Click on Tax Home from Left Side Menu.
  2. Click on Personal Info from the main screen and then click on Review/Edit.
  3. From the Left side Menu, there will be an option for Tax Tools. Click on it and then click on Tools.
  4. There should be an option for Delete a Form under the Other Helpful Links section.
  5. Look for the Form 1099-INT which you don't need and click on the Delete button. It should then be removed from your return.
bsjcook
Returning Member

Interest and dividends

Thanks for your reply, but it didn't work.  There in NO 1099-int to delete.

 

I have another issue: I received a 1099misc after filing.  The amount is on my schedule C.  What should I do about it.

 

Thanks,

 

**bleep**

JohnB5677
Employee Tax Expert

Interest and dividends

Are you collecting the seller-financed interest?  If you are the interest posting is correct.  If you are paying it, it should be posted in the home mortgage interest section.

 

Regarding the 1099-MISC.  If you've already included it in the income for your business you do not have to enter it again.  It will not be an IRS issue.

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