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Level 3
posted Mar 23, 2022 9:22:16 PM

I just imported a very simple 1099 INT, with interest reported of under $75. Program says interest is over $8,000. How do I correct this?

Box 1, Interest income is $70.44, but program shows more than 10x higher interest. All other entries on 1099 are zero except the TINs.

0 4 475
4 Replies
Level 15
Mar 23, 2022 10:09:17 PM

look for the update/edit button.

 

OR

 

delete that 1099-INT and re-enter it manually.

Level 3
Mar 26, 2022 6:49:11 AM

I appreciate your rapid reply. I did delete it as suggested, but now mistrust the Program. Should i really need to double check every entry that supposedly is imported? Rhetorical question?

Level 15
Mar 26, 2022 6:57:10 AM

It's not a rhetorical question.

Often Import goes awry. You have to double check your data.

 

Always print a copy of your completed tax return for your records, and review it carefully before e-Filing.
You will need it if you are audited by the IRS, or to amend if a TurboTax update changes your return or for any other reason,

AND, to find your AGI next year.

Level 3
Mar 27, 2022 10:42:51 AM

Sigh. "Often import goes awry" isn't very encouraging about using a tax program. But of course I will check all carefully. I appreciate your replies very much.