Here is my question, maybe you know. If 1099 entries are as follows:
line 1 = $4,816.65
line 2 = 814.73
Turbotax shows interest = $4,206
Basically, Turbotax is only deducting 75% of bond premium from total interest. I have looked every where in IRS regulations. Is that what is supposed to happen? Just curious on what the rules are.
Thank you very much!!!! Tom
