Skip to main content
Level 4
May 20, 2022
Question

Where do you report Noncovered Bond Premium on Tax-Exempt Bond and Muni Accrued Interest paid on Schedule B

  • May 20, 2022
  • 2 replies
  • 67 views

Client has 1099-Int and within the paperwork there is an amount for "Noncovered Bond Premium on Tax-Exempt Bond" and an amount for "Muni Accrued Interest Paid."  I do not know if I need to report either of these items, and if I do, where should I report them?

This topic has been closed for replies.

2 replies

dkh
Level 15
May 20, 2022

If you double click while on the Payers Name line on Sched B you will get the Additional Information Worksheet.  There is where you can enter, if required, the information you are asking about.

Futch2010Author
Level 4
May 20, 2022

Do you know if this information is required to be reported? I don't see any place on the Additional Information Worksheet that indicates a place to put "Noncovered Bond Premium on Tax-Exempt Bonds" nor for "Muni Accrued Interest Paid."  I have read that "Noncovered" is not reported to the IRS but need to keep up with basis.