TurboTax miscalculating my 1099-INT

bobbin · ‎March 19, 2020

I entered one 1099-INT form in my Turbo Tax return for the amount of $263.87. When I hit done, the dashboard lists my Interest on 1099-INT as $451.00. This incorrect amount is carried over the final income totals as well. See screenshots below. What is going on?

Annotation 2020-03-19 215403.png

Annotation 2020-03-19 215451.png

VictoriaD75 · ‎March 19, 2020

Do you have interest income reported from other sources, such as a Schedule K-1?

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VictoriaD75 · ‎March 19, 2020

Do you have interest income reported from other sources, such as a Schedule K-1?

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

bobbin · ‎March 20, 2020

I do! Is that it? That is really confusing (for me). I assumed that amount would have been listed with my K-1 income, especially since it only mentions the personal interest underneath.

Thank you @VictoriaD75

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TurboTax miscalculating my 1099-INT