MarilynG1
Expert Alumni

Investors & landlords

If you elect to reduce your interest income (negative value) on a taxable bond by the amount of taxable amortizable bond premium, identify the amount to be subtracted as "ABP Adjustment.".  The premium is amortized over the life of the bond on a pro-rata basis.

 

Click this link for details on reporting Amortized Bond Premiums. 

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