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February 18, 2025
Question

1099 INT Worksheet asks for Schedule E Adjustment

  • February 18, 2025
  • 1 reply
  • 0 views

Of course, I don't have a 1099 INT from Schedule E.  What is this all about?  If there is an adjustment of some kind that I need to make, why doesn't TurboTax just provide the number?  TurboTax wants me to fill in the amount on the worksheet.  I am assuming that I can just delete this form

1 reply

AmyC
Employee
February 20, 2025

No, deleting is probably not the right answer. Schedule E is used for reporting income or loss from rental real estate, royalties, partnerships, S corporations, estates, trusts, and other pass-through entities.

  • Depending on the interest and the source, the state specfiic rules and any deductible interest expenses on Sch E, you  may need to make an adjustment.
  • If none of this applies to you, enter either zero or blank. The program can be picky when it wants a zero and when it wants a blank.

Deleting the form does not sound correct but if it does not apply, you can try. The program will keep the form if it feels it must be there.

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