Solved
I have a 1099-INT with $68 of interest. After entering the amount into TurboTax, the amount is showing $0. Has something changed in the tax laws?
No text available
If the amount showing $0 is tax due, @baldietax is exactly right. Continue on with your return, as there is no tax liability for $68.
If the interest income is showing $0, revisit that section in TTO:
1. Federal > Wages & Income
2. Investment and Savings
3. Interest on 1099-INT
4. Select the entity that paid $68 and be sure the amount is entered in the proper box number in TTO.
Here is some helpful information on taxation of interest.
Enter your E-mail address. We'll send you an e-mail with instructions to reset your password.
©1997-2022 Intuit, Inc. All rights reserved.
Intuit,
QuickBooks, QB, TurboTax, ProConnect, and Mint are registered
trademarks
of Intuit Inc. Terms and conditions, features, support, pricing,
and service options
subject to change without notice.
Security
Certification of the TurboTax Online application has been
performed by
C-Level Security.
By accessing and using this page you
agree to the
Terms of Use.
Accessibility
