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Level 2
February 26, 2024
Question

1099 IT

  • February 26, 2024
  • 2 replies
  • 3 views

1. I do know how to enter date into Turbo Tax.

2. I have correctly entered the data.

3. Turbo Tax does NOT know how to handle with the data.

4. I think the issue is the interest received is LESS than the accrued interest paid out.

5. Whatever the issue really is, please acknowledge the issue and update Turbo Tax.

Thanks, Charlie

1099 INT:

1Interest Income17.43
8 Tax Exempt Interest1,625.00
13Premium on Tax Exempt421.85
Accrued Interest Paid on Purchases1,683.74

    2 replies

    Level 15
    February 26, 2024

    We'd love to help you complete your tax return, but need more information. Can you please clarify your question?

     

    What is your question?

     

    Accrued Interest Paid on Purchases is not normally something that appears on Form 1099-INT.

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    VolvoGirl
    Level 15
    February 26, 2024

    Accrued interest  is not a box on the 1099INT form.  So where did you enter it?