Question

Turbo Tax rejects a 0 entry on the 1099-INT form from my financial institution.

Forum|Forum|5 years ago
May 9, 2021
1 reply
0 views

The 1099-INT form downloaded from LPL has zeros in boxes 10-13. Turbo Tax Business says at least two of these cannot be zero or less than zero. When testing by changing box 12 entry to 1 it then says it must be zero or less. I don't understand how to proceed past the Federal checks provided by Turbo Tax.

TurboTax Business Windows

SteamTrain

Employee

Generally speaking...for any 1099-INT form, any box with just a zero in it should be left entirely blank.

_______________________

Sometimes early in the tax season, at least a zero must be place in box 1 if there are real $$ in any other boxes ...but only until they fix that software problem

____________*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*