Question

Interest and dividends

Forum|Forum|4 years ago
April 7, 2022
1 reply
0 views

I do not have any 1099-int entered, yet it shows the same amount as in interest from Seller-Financed loan. Can't find how to clear it.

A

AamilD

Please follow the steps below to delete Form 1099-INT:

Click on Tax Home from Left Side Menu.
Click on Personal Info from the main screen and then click on Review/Edit.
From the Left side Menu, there will be an option for Tax Tools. Click on it and then click on Tools.
There should be an option for Delete a Form under the Other Helpful Links section.
Look for the Form 1099-INT which you don't need and click on the Delete button. It should then be removed from your return.

B

bsjcookAuthor

Thanks for your reply, but it didn't work. There in NO 1099-int to delete.

I have another issue: I received a 1099misc after filing. The amount is on my schedule C. What should I do about it.

Thanks,

**bleep**

JohnB5677

Are you collecting the seller-financed interest? If you are the interest posting is correct. If you are paying it, it should be posted in the home mortgage interest section.

Regarding the 1099-MISC. If you've already included it in the income for your business you do not have to enter it again. It will not be an IRS issue.

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