turbotax on mac not allowing adjustment for interest of us obligations

Forum|Forum|2 years ago
February 29, 2024
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this is my 1st year using the mac Turbotax but I've used windows turbotax for years.

This mac version is not allowing the selection : A portion of these dividends is US Government interest. , when I enter Div and Int forms in Federal tax. The selection does not appear in the list. It has always appeared in the window version.

Is this an error in the mac version?

Best answer by SteamTrain

I apologize. Going back and forth to see what Windows did vs. what Mac does has confused me greatly.

Esp. since for NC both div and int of US Obligations are not taxable.

I DO NOW see the correct option for Dividends. Excellent! Thank you.

I do not see the correct option for Interest. Therefore, I am deleting my downloaded 1099-Int form and instead manually creating a Dividend entry for same amounts.

For whatever reason, Fidelity is reporting interest/dividends for same fund SPAXX in 2 different accounts.....one as 1099Int and one as 1099div.

Maybe this will work. (Head banging on wall :-))

Thank you.

For the 1099-INT, the US Treasury obligations show in box 3 of the 1099-INT form, so there is no follow-up question needed for $$ showing there.

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I have Fidelity SPAXX too, and my Supplemental information sheets show that those $$ are only being reported on box 1a of a 1099-DIV form. (Added to whatever else you may have that dumps $$ into box 1a of the 1099-DIV). I don't think any of the SPAXX $$ end up on a 1099-INT.

The supplemental sheets only show the details on what went into the main 1099-INT or -DIV forms that show on the first page of their consolidated tax reporting PDF sheets.

SteamTrain

Employee

Coud be....it should only appear as a part of the 1099-DIV entry....not for a 1099-INT.

Edit your 1099-DIV and check again.

@macuser_22 Do y'all have a desktop MAC screenshot?

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

saunder1Author

For North Carolina, both dividend and interest of US Obligations are non-taxable.

The Turbotax option is missing from both Interest and Dividend in the user interface.

Evidence of NC tax law is attached. Here's a screen shot of NC Income Tax Schedule S.

SteamTrain

Employee

We know they are allowed for NC, we definitely see the 1099-DIV follow-up page option you first posted in the "Windows" version.

I don't have the MAC version, so I can't tell if it's there or not.

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Certainly any $$ in box 3 of a 1099-INT "should" transfer to the NC Sched S properly.

We need another MAC user to check to see what the problem might be for a 1099-DIV on a MAC.

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@VolvoGirl @xmasbaby0 Didn't one of you used to use a MAC with desktop software??, and can you check a 1099-DIV entry serries for that follow-up page selection for.... "This mac version is not allowing the selection : A portion of these dividends is US Government interest." (as originally posted by the OP). Is that selection in the MAC desktop version or not??

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