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March 17, 2025
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Adujstments to 1099-int

  • March 17, 2025
  • 1 reply
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My 1099-int shows interest received from US treasuries in box 3 as well as interest income in box 1. I need to adjust the interest in Box 3 for accrued interest I paid. To simplify, I was told to split the 1099 into 2 separate 1099's one for interest income in box 1 only and the other for the US treasury interest and make the adjustment on it. Is that legal to alter the original 1099?   Thanks

    Best answer by MAK70

    The 1099-INT is sent to the IRS by the issuer.  The entry is TurboTax is not transmitted to the IRS but is used to prepare your return.  

    1 reply

    MAK70Answer
    March 17, 2025

    The 1099-INT is sent to the IRS by the issuer.  The entry is TurboTax is not transmitted to the IRS but is used to prepare your return.