Are you asking how to import it from your bank account into your TurboTax online return? Or have you tried, and it was unsuccessful? Did Bank of America mail you a 1099-INT for 2018?
I'm asking how do I find the 1099-INT for 2018 online. I don't remember being mailed anything from BofA for taxes. Importing from BofA through TurboTax didn't work.
Do you know if you are supposed to even have a 2018 1099-INT or not? Or do you know you were supposed to get one, but the one you were expecting didn't come in the mail?
A bank doesn't have to send a 1099-INT if the amount was less than $10, but you still have to report the interest even if below $10.
If you have online banking with BOA, you'd have to look in your account to see if you were paid any interest, and if so, whether they allow people to download a 1099-INT from a tax forms section.
Or if you don't know if you were supposed to get one, phone your BOA customer service and ask them.
I see. Thank you for your help! I looked at the documents section and there was no tax document for me in 2018. How do I find the interest amount?
I'm sorry, but I have no way to know if you had 2018 interest or not, and no way to tell you how to navigate the BOA website to see if they have a tax forms section. Please phone BOA customer service tomorrow for guidance.
@hornsbjm48 wrote:Bank of America did not mail one to me.
What is it you need to know? Did you review the comments in this thread? Is your situation the same or different?
Did you receive interest payments from Bank of America during 2020?
In general, if your bank interest is less than $10, then a financial institution is not required to provide you a 1099-INT. But even then you are still required to report the interest. If you received interest from Bank of America, but don't know the amount to enter, or if you think you "should" have received a 1099-INT from Bank of America but didn't, then you'll need to speak to your bank's customer service for info.
>>A bank doesn't have to send a 1099-INT if the amount was less than $10, but you still have to report the interest even if below $10.>>
How do I report less $10 in TurboTax Desktop?
@ cali
wrote:>>A bank doesn't have to send a 1099-INT if the amount was less than $10, but you still have to report the interest even if below $10.>>
How do I report less $10 in TurboTax Desktop?
I'll provide an image below. You enter the small interest "as though" you got it on a 1099-INT even if you didn't.
.
One 1099-INT entry for each account (e.g. checking, savings, etc.) or just sum them up for as long as they're from the same financial institution?
@ cali
wrote:One 1099-INT entry for each account (e.g. checking, savings, etc.) or just sum them up for as long as they're from the same financial institution?
As long as the Payer is the same financial institution, you can add them together.
So you have multiple accounts at the same institution, and when you add up all the interest, the total is still less than $10? If they were to add up to over $10, I'm surprised they didn't send a 1099-INT.
how to import 2021 Bank of America 1099-int information
Turbo Tax seems not to be any help on this problem also theydo not honor 2021-2022 free filing for
senior Citizens to file it is quoted for a simple tax form $59.00.
@Canilipe4 wrote:
Turbo Tax seems not to be any help on this problem also theydo not honor 2021-2022 free filing for
senior Citizens to file it is quoted for a simple tax form $59.00.
There is no discount for Senior Citizens using TurboTax.
The TurboTax Free online edition is for very simple tax returns that do not require any other form or schedule other than the Form 1040. If your tax data requires entry on any other form or schedule then you must upgrade to the Deluxe edition or higher.
If you have not paid for the online edition you are using, have not filed your tax return or registered the Free edition, then you can clear your return and start over with a lower priced edition. Click on Tax Tools on the left side of the program screen while working on the 2020 online tax return. Click on Clear & Start Over.
Don't enter the bank name.
Enter a 1099-Int under
Federal Taxes tab
Wages & Income
Interest and Dividends
Interest on 1099INT - Click the Start, Revisit Or Update button
Don't enter the bank or broker name and don't try to import it. It is just as fast and easy to manually enter it. At the bottom pick - Change How I enter my Form
Then on the next screen pick I'll Type it in Myself
There is a Free Edition.
To go back to the Free Edition or a lower version you can try to clear and start over https://ttlc.intuit.com/community/using-turbotax/help/how-do-i-clear-and-start-over-in-turbotax-online/00/26444
In the Turbo Tax Free Edition, information that you can enter is limited now. Why do I have to upgrade from the Free Edition?
https://ttlc.intuit.com/community/upgrading/help/why-do-i-have-to-upgrade-from-free-edition/00/26379
Or go to the IRS Free File programs
Free File: Do your Federal Taxes for Free | Internal Revenue Service
If you have the BOA App, go to the "Menu" on the top left corner, under"Statement and Documents" there is a subcategory also called "statement and documents". After clicked on it, you will be direct to a new page, and there is a tab called "Tax Statements (download only)". That is where the 1099-INT form locates.