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Level 6
April 16, 2020
Solved

Bond premium on Tax-Exempt Bond

  • April 16, 2020
  • 3 replies
  • 9 views

Should the amount shown in Box 13 1099-INT be entered on the Interest Worksheet be section D (4)  or E (t)?

Thanks~

 

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Best answer by itonewbie

Both will achieve the same result.  I would, however, use D4 for what's reported in Box 13 for covered securities and reserve E(T) for noncovered securities where amortization would have to be computed offline.

3 replies

itonewbie
itonewbieAnswer
Level 15
April 16, 2020

Both will achieve the same result.  I would, however, use D4 for what's reported in Box 13 for covered securities and reserve E(T) for noncovered securities where amortization would have to be computed offline.

---------------------------------------------------------------------------------Still an AllStar
Level 6
April 16, 2020

Thank you!

 

itonewbie
Level 15
April 17, 2020

YAVW

---------------------------------------------------------------------------------Still an AllStar