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Business & farm
Great. Thank you. My corporation bond is is tax exempt. Therefore, no tax deduction for the premium. In my personal account, I have lots of taxable municipal bonds bought above par. Using Turbo Tax premium, where do I put the deduction for that amortization. Schwab calculates it for me. $40,000 of taxable interest, $5,000 of premium amortization. Where does the $5,000 go?
‎June 4, 2019
7:52 PM