This question relates to a trust return, Form 1041 in TT Business. What is the proper way to enter the number from 1099-INT, "Bond Premium on Tax-exempt bond?"
Extrapolating from a community answer about this topic, but dealing with Form 1040 rather than F-1041, I created a new 1099-INT. However I keep getting an error when it comes to the final review. In the forms view, line 13 is always in red. What is the proper procedure, and also, is the premium amount entered as a positive or negative number? Conceptually, it seems like it ought to be a negative number, unless TT is dealing with this in the background somehow.
