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makai0211
New Member

Why did turbo tax double my interest under income?

 
1 Best answer

Accepted Solutions
SteamTrain
Level 15

Why did turbo tax double my interest under income?

A)  First, go back to the 1099-INT area and see if you see the duplicated $$ on a 1099-INT form and delete the duplicate.

Not there?

B)  Do the following to see if you can find it.

1) go to the left-side navigation menu, click on:

<"Tax Tools"

<<<Tools

Then select <<<"Delete a Form" from the pop-up endow.

2) scroll down the list of forms look for a "Schedule B - Form 1099-INT ( Untitled) " and hit the "Delete" along side of it.

3) then scroll to the bottom to find the "Continue with my Return" button.

______________________

4)  IF that doesn't work, repeat, but :

.........delete the entire Schedule B (that was the only way someone else could get it "gone"),

................ but then you will need  to re-enter all your 1099-INT, 1099-DIV ( and 1099-OID forms....if any).

____________________

Please Let me know if that works.

____________*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*

View solution in original post

3 Replies
SteamTrain
Level 15

Why did turbo tax double my interest under income?

A)  First, go back to the 1099-INT area and see if you see the duplicated $$ on a 1099-INT form and delete the duplicate.

Not there?

B)  Do the following to see if you can find it.

1) go to the left-side navigation menu, click on:

<"Tax Tools"

<<<Tools

Then select <<<"Delete a Form" from the pop-up endow.

2) scroll down the list of forms look for a "Schedule B - Form 1099-INT ( Untitled) " and hit the "Delete" along side of it.

3) then scroll to the bottom to find the "Continue with my Return" button.

______________________

4)  IF that doesn't work, repeat, but :

.........delete the entire Schedule B (that was the only way someone else could get it "gone"),

................ but then you will need  to re-enter all your 1099-INT, 1099-DIV ( and 1099-OID forms....if any).

____________________

Please Let me know if that works.

____________*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*
cmireider
New Member

Why did turbo tax double my interest under income?

I am having the same issue. However, I did not enter the form twice. I only see on entry for my 780.42 interest income and turbo tax is reporting it as 1560.84. Why is this happening?

NashayLO
Intuit Alumni

Why did turbo tax double my interest under income?

To get your 1099-INT to only report the interest once. Remove the 1099-INT. Remove it by going to your entries and click the trashcan. Then log out and back in, then re-enter your 1099-INT.

 

Also, see this response

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