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Deductions & credits
Because 11 & 12 are actually listed on the 1099-INT, those $$ get subtracted from the box 1 and 3 values (respectively) before they go to the schedule B. So they don't need to get listed separately on the Sched B.
Thus if you only had one 1099-INT with Box 1 at $1022, and box 11 was $22, the schedule B should have $1000 on it.
____________*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*
‎February 12, 2024
4:16 AM