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Turbo Tax Reporting of IRS Form 1040-SR Line 2a - Tax Exempt Interest Incorrectly for 2023
In review of my 2023 Turbo Tax, filed Form 1040 Tax Filing, I have discovered an issue for which I do not understand its calculation. Its, Line 2a, Tax Exempt Interest. I have ONE Account that reported Tax Exempt Interest of $14,700 with a Line 11 Bond Premium of $1,911.35. The reported amount on my Form 1040-SR, Line 2a is $7,463?
I have read issues regarding Line 2a from previous years but what I read does not seem to apply as to the answer for my question.
If someone can help explain this calculation, it would be appreciated. Thanks
‎July 22, 2024
7:49 AM