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?