Question - Smart check says that the bond premium adjustment in box 10 is greater than the interest income reported in box 2 and I must reduce the bond premium amount reported. But the broker's 1099-OID does not even have a box 2. This is for a state tax free bond. Nonetheless, it seems to me that a bond could have been purchased at a premium, but no interest was paid.
Please advise.
Thank you,
Barry
