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Level 3
April 9, 2024
Question

Why is proconnect posting an amount in line 8 schedule 1 - says refund of overpaid interest

  • April 9, 2024
  • 1 reply
  • 8 views

There is an amount auto populating as income on line 8 schedule 1 and says ,'refund of overpaid interest - misc inc'.  The client didn't itemize the prior year, so I am not sure where this is coming from. 

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    1 reply

    sjrcpa
    Level 15
    April 9, 2024

    1098?

    The more I know the more I don’t know.
    kathleen4Author
    Level 3
    April 9, 2024

    Yes, it looks like it is the 1098.  I don't know why it would put the interest deduction as income but thank you for your help.