System will not let me edit interest income for 2024

Forum|Forum|1 year ago
February 8, 2025
2 replies
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Show $0 interest and "complete" but I have interest income.

MonikaK1

You can go back to the Interest section under Income to enter your interest income.

It is fast and easy to enter a Form 1099-INT manually. In TurboTax Desktop:

Open your return
Click the Federal tab or Personal tab in Home and Business
Click "I'll choose what I work on"
Scroll down to Interest and Dividends
Click Start or Update next to Interest on 1099-INT
Click Add interest income
Click the radio button next to I'll type it in myself
Click Continue
Follow the prompts and enter the information from your form

In order to add an item of interest income, if you are using TurboTax Online:

Select Wages & Income on the left side menu
From the list of income types, select Investments and Savings (1099-B, 1099-INT, 1099-DIV, 1099-K, Crypto) - there will be a button at the right labeled either Start or Add/Edit
To add a Form 1099-INT for interest income, click Add Investments
To enter manually instead of importing, click "Add a different way"
Several types of investment income appear. Click on Interest and Continue
Click the button, "Type it in myself" if you wish to enter it manually.

For more information on interest income, see this article.

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snowstorm

Unable to enter U.S. Treasury interest because 'enter financial instution" does not exist for T-Bills

Need to omit state tax

JohnB5677

Typically, interest from corporate bonds will be in Box 1, interest from U.S. Treasuries will be in Box 3, and tax-exempt interest from muni bonds will be in Box 8.

There is a My form has info in other boxes check box at the bottom of the Federal Entry screen of the 1099-INT form.

If you check the Box a list of Less common items will come up.
This allows entries into the State return as well as other information.

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tom123456

I have the same issue. When I clock the button to enter interest income manually, it loads my dividend income entries

MonikaK1

To enter your IRS interest form in TurboTax Online:

Type 1099-int in the search box and click search.
Click on Jump to 1099-int.
On the landing screen, click on I'll type it in myself.
Enter your interest form and continue.
Enter the Institution Name.
Enter your interest in Box 1 and any other information.

For more information on interest income, see this article and this help article.

If you bring up the page that has several icons for different investment interest types, click on the one that says Interest.

@tom123456

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tom123456

I'm using desktop, not web, and when I click on the button to enter interest income, it takes me to dividend income. No way to enter or edit my interest income