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April 16, 2025
Question

Schedule B Entries

  • April 16, 2025
  • 2 replies
  • 0 views

My entries for Interest and Dividend income have been transferred to Schedule B incorrectly. Subsequently, these erroneous figures are posted incorrectly on Lines 2b, 3a, and 3b. The result is an increase of Taxable Income. I am also concerned that there are more errors within my tax return.

 

How can this be resolved?

    2 replies

    DoninGA
    Employee
    April 16, 2025

    Which Line numbers on the Form 1099-INT and 1099-DIV are you referring to?

     

    Go to the Form 1040 instructions for the Form 1040 Line 2a, 2b and 3a - https://www.irs.gov/pub/irs-pdf/i1040gi.pdf#page=25

    April 17, 2025

    haven't seen others reporting schedule B issues. can you provide more details because those entries on the forms come from your entries into Turbotax.  the only thing Turbotax may do incorrectly is allocations when you enter adjustments like for nominee. 

    fanfare
    Employee
    April 18, 2025

    Don't file with incorrect amounts on Schedule B.

     

    @lauraangelides