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Returning Member
posted Feb 3, 2023 6:51:15 AM

Combined 1099-INT not imported correctly from Ally

The Turbotax method only captured 1.6% of my total 1099-INT through Ally Bank via the automatic import. Ally supplies a combined statement and Turbotax is only grabbing the first entry of many. It should be grabbing the summary at the end. 

0 4 448
4 Replies
Level 15
Feb 3, 2023 9:32:45 AM

don't bother to import - delete it. you only need two entries for a standard 1099-int.  the payer's name - ALLY and the total interest on the 1099

 

Returning Member
Feb 3, 2023 9:42:06 AM

Oh I fixed it. For the new user, they would expect this to work correctly and might not catch the issue. Especially young families doing their taxes for the first time. Intuit should fix this.

Level 2
Feb 8, 2024 4:52:14 PM

Still happening.

Expert Alumni
Feb 9, 2024 9:12:34 AM

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