JulieS
Expert Alumni

Business & farm

ABP stands for Amortizable Bond Premium. The adjustment shows on Schedule B, but there is not a worksheet for it. It is the total of amounts entered in box 11 of  Form 1099-INT. 

 

In some cases an amount may be included for adjustment to interest. To see that, you need to look at your 1099-INT worksheets and check the adjustments section toward the bottom. 

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