1971864
You'll need to sign in or create an account to connect with an expert.
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.
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
mroman2013
Level 2
wysassy
New Member
poncho_mike
Level 4
taxpod
Level 2
rkmirsaidi
New Member