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Level 1
posted Oct 9, 2019 1:35:16 AM

Total on "Interest on 1099-INT" is incorrect

NEVERMIND! While it doesn't say anything in the UI,  interest from a K1 (box 5) will show up in the 1099-INT total. Once you purchase TurboTax and look at the full 1040 it'll show the details.

 

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TurboTax seems to be showing the wrong total on my interest.

 

- 1099-INT Add/Remove Page: "Totals" at the bottom is correct and if I manually add everything up, it's correct.

 

- On the "Your income and expenses" Page and on 1040 preview: 1099-INT total is $76 higher with no sign where it came from.

 

Any help would be appreciated

 

0 1 316
1 Replies
Level 15
Oct 9, 2019 3:58:03 AM

Solved by the User....yep...the K-1 form.