I am using the Desktop version of TurboTax and was able to import my form from the Chase bank. The imported data shows as 3 separate lines corresponding to 3 separate accounts I have with the bank. However the tax form .pdf file shows not only 3 separate sections for those details, but also the Summary for the entire form.
My question is: Should I enter the Summary of the data or separate Details part?
summary is fine and best if you manual input, some banks provide a summary and some don't. Import treats each account (CDs etc) as a separate 1099-INT which creates lot more line items on your Schedule B than is needed. Frankly importing 1099-INTs is not worth it, they are very quick to input especially if the bank gives you the summary.
summary is fine and best if you manual input, some banks provide a summary and some don't. Import treats each account (CDs etc) as a separate 1099-INT which creates lot more line items on your Schedule B than is needed. Frankly importing 1099-INTs is not worth it, they are very quick to input especially if the bank gives you the summary.