OK, I get that. Thanks.
Regarding Acquisition Premium, Box 6, enter that amount in Box 1 as a positive number??
Another tax program I have access to treats the amount in Box 6 as a REDUCTION of taxable interest.
The bonds in question are TAX-EXEMPT bonds that were acquired in 2021 and held for all of 2022. I do not see how or why Acquisition Premium on tax-exempt bonds would affect taxable interest. That baffles me but that is how other tax program that does have a template for 1099-OID handles my particular 1099-OID.
Many thanks.
Update: If I do as instructed above and create new 1099-INT for the OID, TT Business Federal Review balks at having dollar amount in Box 13. Review says Box 13 should be BLANK.
