MarilynG1
Expert Alumni

Deductions & credits

Here's how to enter your 1099-INT in TurboTax reporting bond interest premium:

 

  1. Select Federal Taxes
  2. Under Wages & Income select Interest on 1099-INT
  3. Enter your 1099-INT information, select Continue
  4. Select I need to adjust the taxable amount, select Continue
  5. Enter the state that pays your tax-exempt interest, select Continue
  6. Enter the amount of your premium adjustment (use a negative number if you need to add to the interest reported)
  7. Select the Reason for Adjustment

 

This link has more detailed info on Reporting Bond Interest Premiums.

 

@Balotan 

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