When I hit the Review button, it pops up part of the 1099 and everything is empty. It is telling me that it should not be empty. These 1099s were downloaded by Turbo, not by me, so if they are empty it is nothing I did.
Delete the 1099-INT that are empty by putting them into the wastebasket next to the entry. That will eliminate the errors.
A 1099-INT tax form is a record that someone — a bank or other entity — paid you interest. If you earned more than $10 in interest from a bank, brokerage or other financial institution, you'll receive a 1099-INT. ... You might receive this tax form from your bank because it paid you interest on your savings.
Mary, I understand very well what a 1099-INT is for. That is not the problem. The problem is I have four accounts at Schwab and I normally get one 1099-R, two 1099-DIV, and two 1099-INT. But after letting TT download all my data from Schwab, it shows me two 1099-R, four 1099-DIV, and six 1099-INT, and it is asking me to review all of them, some of which TT says have $0 for income.
There are two problems here: (1) TT does not tell me which 1099 goes with which Schwab account so I cannot easily figure out what is wrong, and (2) when I click on "Review" for the 1099-INT (or 1099-R, or 1099 DIV) that shows $0, it takes me back to the download page!! I cannot fix it.
I finally came to the conclusion that the 1099 with $0 are bogus, that TT created them in error, so I just delete them. I double checked the remaining 1099s in TT against my paper copy of those 1099 and they are all correct. TT has a bug. It is creating bogus 1099s and it took a lot of double-checking by hand by me to make sure there were no other errors in what TT was doing.