I received a few 1099-OID forms from my brokerage co. It only has Box 6 and Box 11 filled out. The other Box entries are empty. When I enter this data into TT and run the TT Federal Review, I get this error: "The acquisition premium adjustment of 2005.66 reported on this Form 1099-OID is greater than the interest income reported in Box1, Box8 and Box 11 on this 1099-OID of 1618.01. You must reduce the acquisition premium amount reported on this 1099-OID to the amount of interest income, and report any excess on Schedule A(subject to any required limitations)."
The investment seems to be a local municipality bond.
What if any values should be entered into Box 1,8 or 11? And where do I find that? If I need to report this on my Schedule A, where do I report this?
