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Get your taxes done using TurboTax
Could you comment on my situation? I think there is a problem with TT. I have a 1099-OID from some tax exempt bonds with APB on line 10. The interest on these bonds are included in 1099-INT with interest from other tax exempt bonds that are not OID. TT is just ignoring the APB on 1099-OID causing extra state tax on the interest equal to APB amount on 1099-OID. It looks like I have to add the APB on 1099-OID to the APB on 1099-INT in order pay the correct tax amount to my state. Any comments?
‎February 14, 2020
5:17 PM
6,866 Views