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Level 2
Feb 19, 2020 4:50 PM UTC
Question

1099-INT Form is not generating

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
Feb 19, 2020 4:54 PM UTC

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
Feb 19, 2020 5:26 PM UTC

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
Feb 19, 2020 5:28 PM UTC

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.