High or low?
IF High, then the $$ come from both 1099-INT (box 8 ) and 1099-DIV (box 12) forms...occasionally forms K-1 too.
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IF low (#1), then any $$ in box 13 of any 1099-INT will reduce the amount that ends up on line 2a of the 1040.
IF Low (#2), if you bought a specific Muni bond in 2023, that you paid some accrued interest to the seller...and you entered that during the entry of the 1099-INT...then that also subtracts from the final total .
____________*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*
This answer has been verified for accuracy by an Intuit expert employee
