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profnurse
New Member

If the IRS did not send me a 1099-INT form, do I just put $0 in Box 1?

I want to move on in the tax computer program!
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6 Replies

If the IRS did not send me a 1099-INT form, do I just put $0 in Box 1?


@ profnurse wrote:
If the IRS did not send me a 1099-INT form, do I just put $0 in Box 1?
I want to move on in the tax computer program!

 

Did the IRS/US Treasury pay you some interest in 2021?

profnurse
New Member

If the IRS did not send me a 1099-INT form, do I just put $0 in Box 1?

I do not think so...I wouldn't know because I didn't receive the form, haha (!)

I am just trying to move forward/skip to next part but intuit software is not letting me advance.

Thank you

profnurse
New Member

If the IRS did not send me a 1099-INT form, do I just put $0 in Box 1?

I owed them pre-payments for anticipated tax due for year 2021, whixh I paid (handsomely-ugh!

But I do not know of any interest they owed (ie for delayed refund payment, for example, whihch they didn't).

So can't I just put $0 in Box 1 and move in? 

This is wasting my time!!!! 😖

profnurse
New Member

If the IRS did not send me a 1099-INT form, do I just put $0 in Box 1?

VERY frustrated with Turbo Tax; I called and the rep had no idea.... so disappointing when I am paying $59!

If the IRS did not send me a 1099-INT form, do I just put $0 in Box 1?

A 1099-INT typically would come from a financial institution like a bank or brokerage account.  If your interest earned is minimal they might not send you the form.  If that's the case I would recommend not entering the institution at all.  If you believe you should have received the form, you can log into your account on their website and search under tax documents or contact the institution.  I hope this helps.

If the IRS did not send me a 1099-INT form, do I just put $0 in Box 1?

You mentioned the "IRS" specifically.   Did you instead mean to say that "no one" has sent you a 1099-INT and that you ended up in the 1099-INT (Interest Income) interview by mistake?  i.e., that you have no interest income at all to report?

 

If you have no interest income to report, and if you started the 1099-INT interview by mistake, then on the screen with the boxes look at the bottom of the screen (may have to scroll down a bit), for a blue "Back" button to back out of that interview.

 

When it backs out, you may see summary evidence of the 1099-INT you started.   You can then delete it if you don't need it by clicking the little trash can icon.

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