Hi,
I am wondering how do I deal with 1099-INT Box 13: Bond Premium on tax-exempt bonds?
I found some answers that I need to adjust the taxable amount and use negative number to offset the amount on 1099 with reason for adjustment as: I amortized a premium I paid on a tax-exempt bond.
However, I saw the 2020 Turbotax has "other deductible expenses" section which I can enter amortized bond premiums, is it the same as manually adjust the taxable income? which method is correct?
