Bond premium on Tax-Exempt Bond

[linduca1216]

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

Thanks~

[itonewbie · Accepted solution]

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.

[linduca1216]

Thank you!

[itonewbie]

YAVW