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Level 5
Apr 8, 2023 2:17 AM UTC
Question

1099-int.

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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5 replies

sjrcpa
Level 15
Apr 8, 2023 2:42 AM UTC

Yes

The more I know the more I don’t know.
sjrcpa
Level 15
Apr 8, 2023 2:44 AM UTC

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
Apr 8, 2023 5:04 AM UTC

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