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?
The bond premium on the tax exempt bonds reduces the tax exempt interest from the applicable bonds.
how is that entered into proseries? I don't see a line item for it.
double click on the Sch D line where you entered the amounts.
Did you mean to say Sch. B? That is where I entered the Tax-Exempt interest?
If so, I have double clicked on it and did not find a line to enter it on. Can you tell me what line the $10,246.29 would go on?
Thanks
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