Thank you. I was not clear in my question and I'll give some more detail now.
I am trying to find how the tax free interest number is calculated. This is important to me as in the State of MA I pay taxes on those bonds which are not MA bonds.
Tax exempt interest is reported on 1040 line 2a. This number comes from
1040/1040 SR Wks line 2a. This number comes from
Schedule B Interest Income Smart Worksheet However The sum of the tax exempt interest in Box 8 does not equal the value on the 1040 line 2a. Subtracting Accrued Interest got the number a lot closer but not the same as reported. The Bond Premium paid was MUCH more than the difference between the values.
How can I track back to see how the tax free interest was actually calculated by Turbo Tax to make sure I am not paying tax on the bond premium?
