1099-INT amount not transferring to Schedule B

Forum|Forum|1 year ago
February 28, 2025
1 reply
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I have downloaded 6 1099-INT forms from my investor and all appear in TurboTax worksheets without errors; 2 of them had federally taxable interest amounts transferred into Schedule B and 4 did not. Are there legitimate reasons for this happening? It hasn't happened in previous years so I'm concerned. The two that got transferred are from accounts that had positive capital gains and also foreign income, if that helps.

Capital Gains

ThomasM125

Schedule B would be required if you had over $1,500 in interest or dividend income for the year.

I suggest you look at the Form 1040 to see if the interest and dividend income is reported properly there on lines 2 and 3. If those lines are correct, it is hard to imagine how Schedule B could not include those amounts, as that is where they would come from. If those totals are incorrect, you will have to review the interest and dividend entries you made to see if anything is missing or wrong.

To view your form 1040 and schedule 1 to 3:

Choose Tax Tools from your left menu bar in TurboTax Online while working in your program
Choose Tools
Choose View Tax Summary
See the Preview my 1040 option in the left menu bar and click on it
Choose the Back option in the left menu bar when you are done

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quinnwasAuthor

Many thanks... I do have over 1500, and the 1040 has the right numbers from Schedule B- but neither has the sum total of all interest from the 6 1099-INTs that were downloaded successfully from the broker. Not sure what to do, since TurboTax doesn't allow me to add any line items to Schedule B, and the missing amounts already exist in 1099's recorded within the program... they just don't get included within Schedule B. Could this be a TurboTax bug of some kind?

DaveF1006

To clarify, are you saying that all your totals, including 1099 INT totals, on Schedule B is correct but the 1099 INT totals are not broken out separately on Schedule B?

If the totals from 1099 INT are completely missing, you would need to enter these manually in the system.

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