Sign Up

Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
cancel
Showing results for 
Search instead for 
Did you mean: 
brewhound
Returning Member

1099-int import does not include all interest reported

When I import my 1099-int from my bank I have 4 accounts on the bank doc but only 2 accounts import into Turbo Tax. Any thoughts on why this is happening?

3 Replies
SteamTrain
Level 15

1099-int import does not include all interest reported

Might be an improper file setup at the Provider's end.  (Happens a lot for ALLY).

 

Just enter your extra ones manually  ( "I'll type it in myself" )

 

.....  be careful, the last form may be a combined total. 

Don't enter the individual ones and the combined one.

*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*
JSNYC
Level 1

1099-int import does not include all interest reported

Happens to me too.  It's horrible that TurboTax has not fixed this.  I only caught the error by accident.  And my account is not with Ally.

BillM223
Expert Alumni

1099-int import does not include all interest reported

As SteamTrain pointed out, TurboTax is not creating the 1099-INT data, it is only receiving it from another institution. It is hard to know if TurboTax has anything to fix, given that they are only half of the equation.

 

This is a good reminder that you have to always doublecheck any forms that are auto-imported.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
Dynamic AdsDynamic Ads
Privacy Settings
v