You'll need to explain that more.
Interest from 1099-INT's, K-1, or what? And what are you experiencing by "doesn't add up?"
Interest from 1099-INT. I have ~$200, but sum shows up as ~$400. Even when I delete the 1099 form (there is only one), I have ~$200 in interest income show up on the summary page.
Try this:
With your return open, click in the left menu column on TAX TOOLS, then TOOLS.
In the Tools window, choose "Delete a form."
That will show you the forms in your return.
In that list do you see a 1099-INT you don't recognize? It may say something like Schedule B - Form 1099-INT (untitled)
No, there wasn't. I ended up deleting the entire schedule B and re-importing everything and that worked. Seems like a software glitch. Very concerning that TB has this problem.
If you deleted the Schedule B, then be sure you re-enter everything that might have been on it: 1099-INT, 1099-OID, 1099-DIV, K-1 interest. Whatever your situation is.
Yes my interest income is $4676.29 and turbo tax is saying it is $4700.00????
actually says $4703.00?? why would it not total correctly?
@ joybliss
wrote:
actually says $4703.00?? why would it not total correctly?
You're posting in the middle of someone else's old already-answered thread when it's normally best to start your own new thread to avoid confusion and where it would have more visibility. I happened to see it, however.
You said that your interest income is $4676.29 and that turbo tax is saying the total is $4703.00.
There are a couple of possibilities:
TurboTax is either picking up another approx. $27 in interest on some worksheet somewhere, or it could have been a typo, transposed digits, etc., when entering your data. Did you enter your documents manually, or did you import them from financial institutions?
Is this all 1099-INT interest? Do you have multiple forms 1099-INT? Be sure all the figures are entered correctly without typos. And do you have any other interest such as on a K-1 or 1099-OID?
If you have confirmed the entries are correct without typos, we can tell you how to investigate to see if you can find a clue as to where the additional $27 might be coming from. Are you using Online TurboTax or desktop software (CD/download)?