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Investors & landlords
I have a similar situation.
I just put ALL of the Muni bond $$s on the separate 1099-INT....and the total premium amortization can go in box 13. Yeah, it's not a huge issue.
For the accrued interest, you normally enter that on a follow-up page .....BUT....since you, did not get an actual interest payout in 2022 for that one bond with the accrued interest, you have to wait for the 2023 1099-INT to report it then. Make a note to yourself and start a new 2023 folder.
____________*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*
‎January 31, 2023
9:26 AM