I had income from US obligations in 2024. Some is from treasuries, and those amounts are helpfully on the 1099s. Some is from agencies, which is not on the 1099s., but I think I know the amounts. Anyway, I finished my federal, started state, and it said that I had income from US obligations in an amount that seems way too high. I added up income from treasuries and agencies, and it's about half of what TT thinks. So either I'm computing wrong, or TT made a mistake.
You'll need to sign in or create an account to connect with an expert.
I suggest you look on your Form 1040, on line 2a and 2b, to see what your interest income is reported as and compare it to your source documents to see if it is OK. If not, you will need to revisit your interest income entries and make adjustments.
To view your form 1040 and schedule 1 to 3:
The problem is that TurboTax has access to the same information that I have, and we came up with different answers. I don't know which is right.
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
patyan2001
Level 2
pcelias
Level 2
JohnnyComeLately
Returning Member
cagirltaxquestion
New Member
jeffek1
New Member