Turbotax imported only 1 of my 5 Ally Bank accounts' interest. I got a single 1099-R, with a total at the bottom, but they only took the first one, less than $5?

[theresamcrae]

How do I fix this?

[SteamTrain]

IF you had more than one CD/account at ALLY, delete what you imported, and don't try to import them.....enter them manually.

IN FACT: If they were just personal CD/Savings/MM accounts within ALLY (and not IRA accounts) then....if you look at your paper/PDF file of 1099-INT forms from ALLY, there is a final one that just lists the total interest for the year...and you only need to enter that one.

_______________

BUT PLEASE CLARIFY!

you said   " ....I got a single 1099-R"....

A 1099-R or a 1099-INT????

i.e.

a)  for IRAs at ALLY,

b)  or personal non-IRA accounts?   

c)  or a mix?

________

And if they were IRA accounts...did you take money out

[rjs]

Entering the interest manually, as SteamTrain recommended, will be a lot faster and easier than trying to get the importing to work.

For interest from an ordinary bank account or CD you get a 1099-INT, not a 1099-R. A 1099-R is for retirement income such as a distribution (not interest) from an IRA or 401(k), a pension, or other types of retirement income. Look carefully at the type of form you have and make sure you enter each item as the correct type of form. A bank CD could be an ordinary taxable account or an IRA.

Interest earned within an IRA is not reported on any 1099 form unless you take it out of the IRA, and it is not reported on your tax return. If you take money out of an IRA, whether it's interest or anything else, that would be shown on a 1099-R.

You say you got "a single 1099-R." Do you mean it's just a single sheet of paper? It's unlikely that they would put 1099-INT and 1099-R information on the same piece of paper, or that they would add 1099-INT and 1099-R income together in one total.