Question

Interest income on form 1040 is $162, but only have one 1099-INT for $80.31

Forum|Forum|7 years ago
June 4, 2019
3 replies
0 views

No text available

C

CarolynM

Employee

Did you receive form K-1?

B

bf_milazzoAuthor

No form K-1

C

ChristieB

Did you both import your 1099-INT and manually enter it? Or perhaps the entry got duplicated? I would go to the 1099-INT section of TurboTax to see if there are 2 of the same entry. If so, you can delete one of them and this should correct the problem.

You can navigate to the 1099-INT section in TurboTax by taking the following steps:

1.) Federal

2.) Wages and Income

3.) Interest and Dividends

4.) Interest on 1099-INT

If this does not fully resolve your problem, please post additional details below.

B

bf_milazzoAuthor

It appears to be only the one amount ($80.31) entered. Did notice that originally I said it was for "both of us", I changed it to say it was only for Benedict. There was no change to the amount ($161.00)
reported. Thought about changing interest to zero and reentering the $80.31