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February 16, 2023
Question

I just noticed on my 2021 return I entered $125 from a 1099-INT, but TurboTax entered $950 as taxable interest. Why is there a difference?

  • February 16, 2023
  • 1 reply
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There are no other entries for interest.

1 reply

JohnB5677
February 16, 2023

Without seeing your return it's difficult to identify the details of the entry.   I want to confirm that this was a 2021 tax return, not the current 2022 return.   My first inclination is to see what you posted in TurboTax and compare it with the original document.  

 

In addition, there may be other sources of interest that you may have.

  • K-1s
  • Interest from CDs.
  • Corporate bonds.
  • Government agency securities.
  • Treasury bonds.
  • Treasury notes.
  • Treasury bills (T-bills)
  • Checking accounts.
  • Savings accounts.

If this does not completely answer your question, please contact us again and provide some additional details.

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