TurboTax overstating my 1099-INT amount

[Victor50]

TurboTax shows my 1099-INT as over $20k more than all the items add up to. Is it secretly counting an entry twice (and if so, what can I do about it)? Or bringing some other item in under that category?

[LindaS5247]

If TurboTax is reporting your From 1099-INT total to be $20,000 greater than what they actually total, you can review your 1099-INT entries and you can also delete any incorrect FOrms 1099-INT and re-enter them manually.

To review your 1099-INT entries, you can:

1. Click on the search icon at the top right of your TurboTax screen
2. Type "1099-INT" in the search bar
3. Click on the link "Jump to 1099-INT"
4. Review your TurboTax entry screens

To delete a Form 1099-INT For TurboTax Desktop:

1. Open/continue your return
2. Click on "Search" 
3. And in the search bar type"1099-INT"
4. Select "Jump to 1099-INT"
5. It'll take you to a screen that shows your Form(s) 1099-INT that you have entered.
6. Next to the Form 1099-INT you want to delete, click on the (down-Facing) caret
7. Click on the "garbage can" to delete this form

To delete a Form 1099-INT for TurboTax Online:

1. Open/continue your return
2. Click on magnifying glass for Search in the top right of your screen
3. And in the search bar type"1099-INT"
4. Select "Jump to 1099-INT"
5. It will take you to a screen that shows your Form(s) 1099-INT that you have entered.
6. Next to the Form 1099-INT you want to delete, click on the (down-Facing) caret
7. Click on the "garbage can" to delete this form

You can enter your forms 1099-INT manually using the instructions below:

1. Open your return
2. In the search Bar enter Form 1099-INT
3. Select "Jump to 1099-INT"
4. It will ask, "Did you have investment income in 2024?" Select "Yes"
5. Select "Continue"
6. Select "Skip Import"
7. You will Select your investment type which is "Interest"
8. You will "Continue"
9. Then you will see the screen "Let's get the info from your 1099-INT"
10. You will type in the information from your Form 1099-INT on that page.
11. Answer the follow-up questions.
12. You will be able to select "Add Investments" to add additional Form(s) 1099-INT.

Click here for How Do I View and Delete Forms in TurboTax Online

Click here for "How to Delete Forms in TurboTax Desktop.

Click here for information on entering a Form 1099-INT.

[Victor50]

Thanks, but there appears to be no wrong entry, just a wrong total.  I tried deleting the 1099-INT that came close to the overage, then putting it back in by hand, but the discrepancy is still the same.

[Victor50]

From some posts here, it seems as if there was some such bug several years ago, and others report that it still seemed to be around last year.

[Victor50]

I've seen this mismatch blamed on info fro a K-1 being included under the 1099-INT category, but I don't think I have any K-1 items.

[JamesG1]

Have you reviewed the IRS Schedule B Interest and Ordinary Dividends?  The form will detail the interest income reported.

In TurboTax Online, you may print or view your full tax returns prior to filing after you have paid for the software.

• View the entries down the left side of the screen at Tax Tools.
• Select Print Center.
• Select Print, save or preview this year's return.

In TurboTax Desktop, select FORMS in the upper right hand corner of the screen.

@Victor50