frankel2944
Returning Member

Retirement tax questions

I appreciate your response, but I misstated something on my initial post. On my 1099 INT, there is information in boxes 1 Interest Income, 3 Interest on US Savings Bonds and Treasury Obligations and 11 Bond Premiums. The amount shown in Box 3 is based on 3 Interest payments as follows: US Treas Ser AJ-2025 1.25500% 1/15/24 in Interest payment for US Treas Ser J-2024 2.12500% in the amount of $531.25 paid on Apr 1, 2025. This totals to $756.25, which is shown in the Turbo Tax Box 3, then there is a Bond Premium of $55 which is shown on Box 11 of the Turbo Tax online program (Bond Premiums). However, on the next page of my 1099 there is an item termed Accrued Interest Paid on Purchases in the amount of $105.77, which has a date of 4/4/24 and is for US Treasury Ser AJ-2025 1.12500%. This is the item that is not showing anywhere on my Turbo Tax online program. Should this go in Box 12 Bond Premium on Treasury Obligations or Box 13 Bond Premium on Tax Exempt Bond? I don't know if I am not supposed to provide such specific information, but I feel pretty safe not much can be done with it by itself. If I did violate some rule, sorry and apologize, but I want to get this finalized and filed. Hopefully, I am not confusing the issue.