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fitz5555
New Member

Turbo Tax's total for my tax exempt interest seems to be wrong. How do I find the detail on where all the numbers are that comprise the total SUM?

 
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5 Replies

Turbo Tax's total for my tax exempt interest seems to be wrong. How do I find the detail on where all the numbers are that comprise the total SUM?

are you desktop or online version? Premiere, Deluxe, Home & Business?
fitz5555
New Member

Turbo Tax's total for my tax exempt interest seems to be wrong. How do I find the detail on where all the numbers are that comprise the total SUM?

I’m on a windows Pc using premier
fitz5555
New Member

Turbo Tax's total for my tax exempt interest seems to be wrong. How do I find the detail on where all the numbers are that comprise the total SUM?

desktop version and using Premier. I need to see where Turbo Tax calculates the total tax exempt interest....where is each entry that comprises the total?

Turbo Tax's total for my tax exempt interest seems to be wrong. How do I find the detail on where all the numbers are that comprise the total SUM?

..Don't forget 1099-DIV forms too.   

Box 11 on any 1099-DIV forms, plus box 8 on any 1099-INT forms all add together.  (there  are some minor minus amounts if you have any box 13 values on your 1099-INT, or have reported accrued interest on a bond purchased in 2018)

In some rarer cases, folks with forms K-1 entered have some tax-exempt amounts that add in to the total tax-exempt  total too.
____________*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*

Turbo Tax's total for my tax exempt interest seems to be wrong. How do I find the detail on where all the numbers are that comprise the total SUM?

The detail is in your Forms menu.

Go to Form 1099-INT (the bond name).  There'll be a sheet for each bond that you've entered.

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