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Level 2
February 19, 2020
Question

1099-INT Form is not generating

  • February 19, 2020
  • 3 replies
  • 18 views

Hello,

 

I am mailing my documents since e-file is failing. After adding all 3 of my interest income, Turbo Tax software is not generating the 1099-INT forms.

 

All  3 interest income are individual and is less than $10 but in total it's $15 still the software is not generating the forms. But I see the value on my 1040 and on the state forms as $15 (no in-detail of information from where it came from)

 

Please advise.

 

Thanks.

3 replies

VolvoGirl
Level 15
February 19, 2020

Turbo Tax never "generates" the 1099Int.   If the amount is in your actual 1040 what do you need a form for?  You only attach 1099 if they show withholding on them in box 4.

 

And you only need Schedule B if either interest or dividends are over $1,500.

bmazaamAuthor
Level 2
February 19, 2020

I am wondering why it's not generating a SCHEDULE B form in Form 1040 for Interest and Ordinary Dividends where you can see it under the "list name of payer".

 

Please advise.

 

Thanks

VolvoGirl
Level 15
February 19, 2020

Do you have more than 1,500.00 of interest?  You don't need to list the payers if the total is less than 1,500.