Welcome back! Ask questions, get answers, and join our large community of tax professionals.
cancel
Showing results for 
Search instead for 
Did you mean: 

Form 1099-INT Box 12 Bond Premium on Treas Obligations - Where to Enter?

FOCUSGuy
Level 3

I am looking at a Form 1099-INT from the US Treasury (Treasury Direct).  

I have an amount in Box 12 - Bond Premium on Treasury Obligations.  

When I look at 'Interest Income Smartworksheet' and 'Schedule B - Additional Interest Information' I do not see an entry box to enter this amount.  

0 Cheers
1 Best Answer

Accepted Solutions
Just-Lisa-Now-
Level 15
Level 15

I see the spot for it, when I double click on the interest entry line
bondpreimum.png


♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪

View solution in original post

5 Comments 5
sjrcpa
Level 15

What do you think the federal and state tax effects should be?

Poke around with input until you get the correct result.


The more I know the more I don’t know.
Just-Lisa-Now-
Level 15
Level 15

I see the spot for it, when I double click on the interest entry line
bondpreimum.png


♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
FOCUSGuy
Level 3

Thank you, Lisa!

And I see after doing that, I now see the 'ABP Adjustment' line in Schedule B created by ProSeries.  

Thanks again.  

 

 

Just-Lisa-Now-
Level 15
Level 15

Not sure why they cant give us line numbers for those, the 1041 has a numbered box for them.


♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
0 Cheers
FOCUSGuy
Level 3

Yep, that is what I was looking for when I first created this topic.  😎