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Get your taxes done using TurboTax
Here are the steps missing from TT:
1. Delete the error amount in block 10 of the 1099-OID worksheet.
2. Go to Federal Taxes, Deductions and Credits, Other Deductions and Credits, Other Deductible Expenses, Tell us about your other expenses and the last entry is "Amortized bond premiums." Enter the amount you deleted from block 10 above.
Done!
If you didn't itemize just delete the error amount in block 10 because it won't affect your tax liability.
‎June 8, 2021
11:19 AM