There is a checkbox for "Check here if these entries are for a mutual fund or other regulated investment company" on Form 1099-INT. Follow the instructions below to check or uncheck the box in the TaxAct program.
Access your Form 1099-INT and check or uncheck the box:
- From within your TaxAct return (Online or Desktop), click Federal (on smaller devices, click in the top left corner of your screen, then click Federal).
- Click the Investment Income dropdown, click Interest income (Form 1099-INT), click Edit to edit your form (desktop program: click Review instead of Edit), then click Quick Entry.
- Scroll down to the Foreign Tax Credit Information section, and click the checkbox next to 26 Check here if these entries are for a mutual fund or other regulated investment company to check or uncheck the box. Click Save & Close.