I have $398 in total Specified Private Activity Bond Interest Dividends (Box 13 in 1099-DIV) across my investments. These are all from municipal bonds which are tax-free. Unlike Tax-exempt interest dividends (Box 12 in 1099-DIV) which TT has a additional adjustment section for that I assume applies for Federal as well as the states we manually designate (for me it's CA), there's no equivalent treatment for Specified Private Activity Bond Interest Dividends.
I called a TT expert today and she suggested I contact Fidelity who sent me the statements to ask if I should have gotten a 1099-INT for EACH bond. I've never gotten bond specific 1099-INTs for the many years I've gotten 1099-DIVs that have bonds listed. Should I have gotten 1099-INTs for each bond to see if I should be taking the AMT route and file Form 6251?
