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Level 4
January 5, 2022

lacerte 2020

  • January 5, 2022
  • 4 replies
  • 372 views

in what section in lacerte do you enter the total 1099 interest

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    4 replies

    qbteachmt
    Level 15
    January 5, 2022
    qbteachmt
    Level 15
    January 5, 2022
    joshuabarksatlcs
    Level 9
    January 5, 2022

    Lacerte 2020:

     

    For inputting interest income: Screen 11

    For inputting control numbers: Screen 49  (This would generate "Control Totals" worksheet that shows COMPUTER, CONTROL and DIFFERENCE.)  

    I come here for kudos and IRonMaN's jokes.
    Level 2
    January 11, 2022

    Are you confused where to enter the total 1099 interest?

    Then, don't worry I am going to explain with steps by steps how to solve this issue:

    Step 1: Go to Screen 11, Interest Income (1099-INT, 1099-OID).

    Step 2: Scroll down to the Form 1099-INT section

    Step 3: Enter the box 2 amount in Total municipal bonds.

    Here's how you can do this.