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See what's trending for the November 15th deadline (Form 990) and resources for the upcoming tax season. View ProConnect Hot Topics.
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- Re: How can I get a worksheet or statement of tax-exempt interest?
How can I get a worksheet or statement of tax-exempt interest?
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Ozzie
Level 2
03-16-2023
03:09 PM
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in 2021, there was a statement summarizing the details of t/e interest. It is not present in 2022-1040.
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itonewbie
Level 15
03-16-2023
05:24 PM
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That used to be the first worksheet by default but it's gone now. Unfortunately, there's no toggle to print that.
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Ozzie
Level 2
03-16-2023
05:35 PM
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Thanks so much. Makes it hard to check the numbers when the details come from many different places! Go figure?? Why just drop that statement...?
itonewbie
Level 15
03-16-2023
06:21 PM
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@sjrcpa wrote:
We use Excel to prepare schedules like that if the software doesn't.
We have a 1040 Reconciliation workpaper.
That's what we do too. The tax-exempt interest worksheet, honestly, doesn't serve much purpose other than to provide a summation that ties out to page 1 of F.1040.
We also keep track of the line items on an Excel spreadsheet because allocation from each fund (and each state) will differ anyway.
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Still an AllStar
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