I think I have the same scenario. Do I adjust the numbers myself and change line 10 to 0 and transfer the rest to deductions? Thanks,
Jeff
| Schedule B -- Form 1099-OID (Wells Fargo Clearing Services, LLC): Box 10: Bond premium. The bond premium adjustment of 2452.27 reported on this Form 1099-OID (Wells Fargo Clearing Services, LLC) is greater than the interest income reported in Box 2 on this 1099-OID of 0.00. You must reduce the bond premium amount reported on this 1099-OID to the amount of interest income, and report any excess on Schedule A (subject to any required limitations). |
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