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Bond Premium Amortization Box 11 Form 1099-INT
When I follow TT prompts and enter the amount from Box 11 on 1099-INT for Bond Premiums, it deducts the entire amount on Schedule B, Part 1 with the words APB Adjustment. What I don't understand is if I elect to amortize, what do I need to do differently in TurboTax, and how do I calculate the amortization?
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March 2, 2024
9:17 AM