yeknod
Level 3
04-07-2023
09:17 PM
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1099 from Raymond James:
The following amounts are not reported to the IRS. (it states on the 1099-int.) For reference wnen preparing your tax return. No line numbers.
Bond Premium - Tax-exempt obligations (noncovered lots) basically 10K
Is that number to be used on the tax return somewhere?
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sjrcpa
Level 15
04-07-2023
09:44 PM
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The bond premium on the tax exempt bonds reduces the tax exempt interest from the applicable bonds.
The more I know, the more I don't know.
yeknod
Level 3
04-08-2023
12:04 AM
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how is that entered into proseries? I don't see a line item for it.
taxes96786
Level 9
04-08-2023
02:35 AM
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double click on the Sch D line where you entered the amounts.
yeknod
Level 3
04-10-2023
02:39 PM
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Did you mean to say Sch. B? That is where I entered the Tax-Exempt interest?
If so, I have double clicked on it and did not find a line to enter it on. Can you tell me what line the $10,246.29 would go on?
Thanks