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Level 3
posted Apr 3, 2022 1:12:50 PM

Is there backup for the ABP adjustment on Schedule B that I can see?

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1 Replies
Expert Alumni
Apr 4, 2022 10:42:11 AM

ABP stands for Amortizable Bond Premium. The adjustment shows on Schedule B, but there is not a worksheet for it. It is the total of amounts entered in box 11 of  Form 1099-INT. 

 

In some cases an amount may be included for adjustment to interest. To see that, you need to look at your 1099-INT worksheets and check the adjustments section toward the bottom.