Hello, I have several 1099-INT forms to enter and each time I go to enter TT is asking for what is in Box 1 only. Most of my forms including ones from US Treasury all show interest in Box 3. Am I missing something or do I just enter what is in Box 3 where it says Box 1
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For those Form 1099-INT which has the interest entered in box 3, you must enter the interest received in box 3 of the TurboTax Form 1099-INT.
Thanks for the quick reply but it only gives me an option for Box 1. There is a box to check if you have more than one Box 1 and it is noted as uncommon. I tried entering 0 in the Box 1 field and hit continue and it goes to a couple special conditions boxes and then done. I tried entering the actual interest from Box 3 and same thing, it never asks me for any other boxes.
Which TurboTax program are you using? The online web-based editions or the desktop CD/Download editions installed on a personal computer?
I am using TT Deluxe, Windows desktop version.
Enter your 1099-INT just as it is. Enter nothing or zero in Box 1, if its empty.
Click "My form has information in more than Box 1". (see image below
This will open up the form to show boxes 1-14. Enter the Bond and other treasury interest in box 3.
Works in Desktop/CD version of TurboTax, too.
[Edited 2/09/24 | 9:48am PST]
Boy do I feel stupid. I have used TT for 20 years or more and never had this problem and now I know why. I read that box as I have more than one Box 1 but it does say I have info in more than Box 1.
Sorry for the dumb question and thanks for everyone's help.
@paulhga wrote:
I am using TT Deluxe, Windows desktop version.
Since the interest has to be reported in box 3, using the desktop editions you must click on the box labeled My form has info in more than box 1
Checking the box will open up all the other boxes available for a Form 1099-INT including box 3
Note - Do Not enter anything in box 1 if the interest you are reporting is in box 3
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