After I entered my 1099-INT I was later asked how much interest I earned and I entered the amount again. Now my income is showing double interest. When you click details it only shows the original amount though. How do I fix this?
You'll need to sign in or create an account to connect with an expert.
Yes, you entered it twice.
To fix it, go back to the interest section in Turbo Tax. Delete one of the entries.
Then, when you get ready to review it, it asks if you had an interest in a foreign bank account. Answer "No" to that question (unless you do), and you'll be able to continue on.
"i have the exact same issue. I did not enter my 1099-INT twice, but the amount its showing is double.
And here it is in January 2024 and the problem is still not fixed. TurboTax just doubled my manually entered interest too. Now I'll probably have to amend my tax return...
Where exactly are you entering the interest income on the input? And where exactly is it showing up twice? When I enter the interest income on TurboTax it seamlessly flows through to the forms.
If you would be a little more specific as to where you are entering the information, We can trouble shoot further.
AbrahamT - You are not following this thread that dates back to 2019.
The interest is not showing up twice. The interest is DOUBLE (i.e. 2X) what was entered manually - and the entry was exactly where it is supposed to be entered in INTEREST INCOME.
I entered $2,054.28 but Schedule B Part 1 Interest shows $4,108.56 which is exactly double (i.e TWICE or 2X) what was actually entered. It's not hard to grasp!
i have the exact same issue. I did not enter my 1099-INT twice, but the amount its showing is double.
Same issue here in 2024 six years after this 'doubling' error became known! 😠
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.
389wtrips
New Member
Juvagypsy
New Member
MartyDC
Level 3
N42875
New Member
smaf_myfairpoint_net
Returning Member