Transfer return from 2024's TurboTax gets wrong 1099-Int total for 2025

[mikepanacek]

My 2024 1099-Int value is almost $2400 more than the correct value in TurboTax 2025.

I transferred my return from 2024 TurboTax. when I started a new 2025 Tax Return in TurboTax.

It seemed to go well until I noticed the error. I opened TurboTax 2024 and verified my expected value.

I suspect the incorrect value from 2024 should not be an issue filing my 2025 return, but would feel better if I could correct it somehow. It is useful to have the comparison between 2024 and 2025 data.

Can this be fixed? I have the latest version of TurboTax.

[SteamTrain · Accepted solution]

@mikepanacek 

You can probably ignore it.....the 2024 number includes tax-exempt dividends (box 12) from last year's 1099-DIV forms.

That confuses lots of folks, at least those who look into the details.  The 2025 column doesn't do this...only the prior year's numbers (yeah, TTX really shouldn't do that)

[mikepanacek]

Your exactly right that the 2024 return transfer to 2025 includes tax exempt dividends with the interest value. That's a bug, but it's great to understand it. I agree that it shouldn't cause any audit issues though. Thank you very much for your prompt help. 

[mikepanacek]

Is there a way to report this as a TurboTax bug so it can be fixed?

Transfer Return from 2024 to 2025 has a bug that includes tax exempt dividends with the 1099-INT value.

[SteamTrain]

@mikepanacek 

It's really meaningless for your 2025 tax preparation....doesn't affect what you are preparing and filing now.