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corrected 1099
Schwab issued corrected 1099's for our muni bond accounts March26. Federal and NY state returns were accepted and filed March 1.
The only changes were on form1099-INT line 13 (bond premium on tax-exempt bonds). The amounts decreased by 666.58 and 833.22 on the two forms.
On Federal we used standard deduction and on NY we itemized deductions. (married joint filings)
As I see it the only change to make when we amend NY seems to be on form IT-196 line 44 (addition adjustments). Am I correct?
Also it does not seem that we need to amend the Federal return.
Thank you.
‎April 27, 2021
3:24 PM