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See what's trending for the November 15th deadline (Form 990) and resources for the upcoming tax season. View ProSeries Hot Topics.
See what's trending for the November 15th deadline (Form 990) and resources for the upcoming tax season. View ProSeries Hot Topics.
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- taxable accrued treasury interest paid Proseries/Lacerte entry issued - solved
taxable accrued treasury interest paid Proseries/Lacerte entry issued - solved
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wimada
Level 3
03-26-2023
03:44 AM
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Program will not allow a negative amount to be entered for such accrued interest paid to offset the 1099 -INT interest income amount entered on Sch. B. Review error results that precludes efiling.
In order to adjust the original 1099 -Int interest income amount for the related accrued treasury interest paid, enter on Sch 1, Line 8 Other Income line Line 12 other Taxable Income as a Negative amount.
No review error results; this adjustment nets out/adjusts the total taxable treasury interest received. Efiling final review is satisfied.
