TurboTax

File with experts
File your taxes
Experts at your fingertips

An expert helps with your taxes, or does them for you
TurboTax Expert Full Service

TurboTax Expert Assist

TurboTax Self-Employed
Prior year taxes
File myself
File myself
Do it yourself

We'll guide you step-by-step
TurboTax Do It Yourself

TurboTax Self-Employed

TurboTax Desktop
TurboTax Free

Activate your product

Prior year taxes
Business
Business
Business taxes

Get your T2 corporate return done right, your way
TurboTax Business

TurboTax Business Desktop
Tax situations
Tax situations
Tax situations

Find extra guidance for your big life moves
For investors

For 25 and younger

For self-employed

For new to Canada

For life changes
Resources
Resources
Resources

Explore tax tools, get tips, and read reviews
Personal income tax calculator

RRSP savings calculator

Learning hub

TurboTax support (FAQ)

TurboTax community
Pricing

GottaPayMyTaxes

Level 2

Question

Should I combine multiple 1099-INTs from same institution?

Forum|Forum|5 years ago
August 9, 2020
3 replies
17 views

I received two 1099-INTs from the same institution for two bank accounts I have with them.
I see several posts (by relatively new members) that one *CAN* combine the amounts into a single entry in TT.
My question is - what is the best thing to do to avoid getting flagged by the IRS - enter as separate or enter as a combined amount?
Thanks!

TurboTax Deluxe Online

Level 15

Since the IRS will receive 2 forms it would be a good practice to report each one separately.

Level 15

All the IRS cares about is the total ... you are allowed to combine them without issue if you like.

Level 15

I agree with both of the above responses.

However, I would enter the two 1099-INTs separately only if the return required the preparation of Schedule B.

GottaPayMyTaxesAuthor

Level 2

Thank you very much everyone for your help

Level 11

So long as SCH B isn't required *AND* if the FEIN on both 1099-INTs is the same, you can combine them as a single entry if you like.