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March 3, 2025
Question

why does turbotax show144.86 as rental income on review when i entered it as 1099 int? charles schwab and how can i correct it?

  • March 3, 2025
  • 1 reply
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    1 reply

    March 5, 2025

    Is it possible this was entered as a 1099-MISC by mistake instead of 1099-INT?  1099-MISC has rental income in Box 1.  My recommendation is to delete the entry you made and re-enter manually.  

     

    Here's how to enter a 1099-INT into TurboTax Online manually:

    1. Open TurboTax Online and navigate to Wages & Income > Investments and Savings (1099-B, 1099-INT, 1099-DIV, 1099-K, Crypto) > Add/Edit
    2. Choose the button Add Investments
    3. Under "Let's import", choose "Enter a different way."
    4. Choose Interest, continue
    5. Choose "Type it in myself"
    6. Enter FEIN from payer, payer's name, and amount of interest. Choose recipient's name from dropdown box.