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Level 5
April 8, 2023
Question

1099-int.

  • April 8, 2023
  • 1 reply
  • 9 views

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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1 reply

sjrcpa
Level 15
April 8, 2023

Yes

The more I know the more I don’t know.
sjrcpa
Level 15
April 8, 2023

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.
yeknodAuthor
Level 5
April 8, 2023

how is that entered into proseries?  I don't see a line item for it.