I bought U.S. treasury bonds at a premium and have interest income reported on 1099-INT line 3. Amortization of the premium is reported on my 1099-INT on line 12 as "covered" lots.
I've entered both amounts in TurboTax. The line 3 income is included in by 1040 (line 2b), but the offsetting amortization is not included on that line - so my taxable income is overstated. Is there a way to fix this?
