TT does not provide a simple selection for interest income reported on 1099-MISC. The LLC was advised by their CPA to use 1099-MISC instead of 1099-INT.
I've answered that it is not work related to my profession or work related, but TT still treating it as work income. Is there a bug in the program? I put in the description line that it is interest income, but TT appends work behind my description.
You'll need to sign in or create an account to connect with an expert.
To report income that was not self-employment income on Form 1099-MISC:
You can view your 1040 form, Schedule 1, Line 21 before you file your return by switching to Forms Mode. See How do I switch to Forms Mode in the TurboTax for Windows software?
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
lrobertsgandy
New Member
Guavalord54
Level 2
hamtax
New Member
kittrell78
New Member
Nem2
New Member
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.