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lcalford
New Member

I only have one 1099 INT listed for $63.35, but the federal form shows $540 for Interest income. How do I find where this comes from, or get it to list the $63.35?

 
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5 Replies

I only have one 1099 INT listed for $63.35, but the federal form shows $540 for Interest income. How do I find where this comes from, or get it to list the $63.35?

lcalford
New Member

I only have one 1099 INT listed for $63.35, but the federal form shows $540 for Interest income. How do I find where this comes from, or get it to list the $63.35?

The form is not helpful. I entered the info, but TurboTax changed the amount in my return from 63 to 591....

I only have one 1099 INT listed for $63.35, but the federal form shows $540 for Interest income. How do I find where this comes from, or get it to list the $63.35?

It can also come form from a form K-1 if you entered one of those.
Also some forms 1099-OID, but for that form it would have to have had an entry error on the -OID form to be that high.
______________
or perhaps this.....

The interest income "summary" alongside the 1099-INT Interest Income line, on  the software menu page (not on the actual form 1040) that includes box 1, 3 and 8 added together...not just box 1.

____________*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*
lcalford
New Member

I only have one 1099 INT listed for $63.35, but the federal form shows $540 for Interest income. How do I find where this comes from, or get it to list the $63.35?

Thanks! I found it on my K-1

I only have one 1099 INT listed for $63.35, but the federal form shows $540 for Interest income. How do I find where this comes from, or get it to list the $63.35?

Lost & Found...whew !

____________*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*

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