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If you are entering 1099-INT information manually rather than importing, you will not need to report the FEIN.
Under the Federal menu on the left, choose Wages & Income. Under Interest and Dividends, choose Start/Revisit next to Interest on 1099-INT. If the interest income is already listed, choose the trash can icon to the right to delete. Then, click on Add a 1099-INT. In the bottom, right-hand corner, click I'll type it in myself. On the next screen, enter payer information and interest income in box 1. The screen will not require an FEIN.
That is exactly what I did, and every time it checks my return it gives me an error and says to review that interest. When I click on review it shows a red asterisk and tells me I have to enter the FEIN number.
You must have something hung up in the application. Try this:
1. Leave your entries as is with the red flag.
2. Open the forms icon in the upper right-hand corner.
3. Find your 1099 Interest Form
4. Delete the entire form.
5. Save your return.
6. Exit all the way out of Turbo Tax
7. Sign back in and try the steps again.
8. This should reset your error.
If not, and you have purchased the software, I would do the following:
1. Delete the entry.
2. Save your return.
3. Uninstall the software.
4. Re-install, make sure to load all the updates.
5. Continue with your return.
Good Luck.
If you are still getting the error you should clear your cache and cookies.
To clear these hold down you CONTROL, SHIFT, AND DELETE keys at the same time.
Does. Not. Work.
Every single year I see this same answer, and it has never worked. I spend more time trying to deal with less than $10 of interest than I do on the rest of my two state return. No matter what steps you take, it requires the FEIN and will not let you complete the return without it.
Federal -> Interest & Dividends -> Interest on 1099int -> Yes ( No kicks you out ) -> Continue -> Change how I enter my form -> Type it in myself -> ( Fill in form, which has the FEIN box despite annual protestation that it will not Bank name + Box 1 interest income ) -> Continue -> None of these apply -> Continue
NEEDS REVIEW MESSAGE.
In previous years I've had to resort to "other income" and typing in "Account interest" but this year I can't even find that.
There SERIOUSLY need to be a selection specifically for reporting interest income without a 1099 because interest rates are so minimal that you need $50k in an account to make the $10 threshold for them to send out the 1099.
This irritated me so badly one year that I went with a different preparer rather than fight it again, and I'm on the verge of doing so this year.
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