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Returning Member
posted Feb 8, 2020 11:53:56 AM

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?

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3 Replies
Level 15
Feb 8, 2020 1:44:20 PM

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.

Level 1
May 7, 2021 5:15:24 PM

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.

Expert Alumni
May 7, 2021 5:24:44 PM

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.