Using TT Business, assuming you are not a dealer, there will be bond premium in either box 11 or Box 12 of your 1099-INT. When entering interest from your 1009-INT, there will be box to check if there is an amount in Box 11, check yes for either box 11 or box 12, and click Continue. That will bring you to the TT form to enter the amounts in either Box 11 or Box 12. After completion, you will see the Premium offset the interest in the interest summary amount
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