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March 16, 2021
Question

Why won't this accept my 1099 int forms? They are entered identically to the forms but says needs review when I try to submit them

  • March 16, 2021
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1 reply

March 16, 2021

Try opening the entire 1099-INT by clicking on the "My form has info in other boxes" box.  Also, make sure you entered the Payers name in Received from space.  The 1099 Series are informational reporting forms submitted to the IRS by third parties. The IRS then matches the form information to your tax return to insure all income is reported and taxed. If you do not include a 1099 received from a third party on your tax return, you will receive a notice from the IRS asking why. This is the CP2000 matching notice. If you receive this notice from the IRS, make sure and respond by the date indicate on the notice.

Employee
March 16, 2021

Also double check your data entry for places where you might have typed a comma instead of a decimal, or vice-versa.