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Level 3
March 12, 2023
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Specified Private Activity Bond Interest Dividends--1099-INT for each bond?

  • March 12, 2023
  • 1 reply
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I have $398 in total Specified Private Activity Bond Interest Dividends (Box 13 in 1099-DIV) across my investments.  These are all from municipal bonds which are tax-free.  Unlike Tax-exempt interest dividends (Box 12 in 1099-DIV) which TT has a additional adjustment section for that I assume applies for Federal as well as the states we manually designate (for me it's CA), there's no equivalent treatment for  Specified Private Activity Bond Interest Dividends.  

 

I called a TT expert today and she suggested I contact Fidelity who sent me the statements to ask if I should have gotten a 1099-INT for EACH bond.  I've never gotten bond specific 1099-INTs for the many years I've gotten 1099-DIVs that have bonds listed.  Should I have gotten 1099-INTs for each bond to see if I should be taking the AMT route and file Form 6251?  

 

 

    Best answer by Mike9241

    the only purpose of bix 13 is to show the amount subject to Alternative Minimum Tax. these mounts are included in box 12

     

    1 reply

    Mike9241
    Level 15
    Mike9241Level 15Answer
    Level 15
    March 12, 2023

    the only purpose of bix 13 is to show the amount subject to Alternative Minimum Tax. these mounts are included in box 12

     

    Mike9241