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Level 1
posted Jan 15, 2021 6:27:33 AM

Why is the 1099 interest calculation incorrect, what is wrong?

the two 1099's I added do not equal the correct amount reported on the income and expenses page

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1 Replies
Expert Alumni
Jan 15, 2021 9:40:46 AM

So the amount on the Income and Expenses screen in TurboTax is equal to thee sum of the two 1099-INTs, right? 

 

Is the amount in line 2b on the 1040 different? If it is, is there an amount in line 2a on the 1040? 

 

Help us understand where this incorrect number is. Remember that we in the Community cannot see your tax return nor the screen you are on.