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Elliotsg
New Member

Tax exempt interest

I download my investment information and am having difficulty reconciling the tax exempt interest.  Is there a worksheet that shows the detail of the t/e interest that ties out to Form 1040, line 2a? 

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1 Reply
MayaD
Employee Tax Expert

Tax exempt interest

In general, your tax-exempt stated interest should be shown in box 8 of Form 1099-INT or, for a tax-exempt OID bond, in box 2 of Form 1099-OID, and your tax-exempt OID should be shown in box 11 of Form 1099-OID. 


Also, any exempt-interest dividends from a mutual fund or other regulated investment company is included on form 1040 line 2a. This amount should be shown in box 12 of Form 1099-DIV

irs.gov

 

[Edited 03/07/2024, 8:15PM, PST]

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