I have municipal bond investments. I need to adjust tax exempt interest for both Bond Premium amortization and Accrued Purchase Interest. TTPremier does not allow both

[questioner3]

I also have a second muni bond question.  I don't see how to include noncovered  muni bond premium amortization  How can I do this so to reduce muni bond interest.

[SteamTrain]

First......IF you have one 1099-INT form with box 1, &/or 3, &8    and maybe more..   

1) Create a new one with only box 8 and box 13 values on it and take those out of the combined 1099-INT

2)  the box 13 value takes care of the ABP part.  

3)  Then on the page that follows the  main form, there is a box to check:

....."I need to adjust the taxable amount"   picture 1 below (OK...that's non-intuitive since the tax-exempt part isn't taxable)

then a couple pages later you have a whole bunch of selections, picture 2 below 

..... one of which is an accrued interest selection, with a box at the top of the page "Adjustment" that you can put in your $$.

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That takes care of both of them on the same form

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Complications: Take care if your 1099-INT, box 8 also contains interest from your own home state's bonds that you want to break out......create yet another 1099-INT for those.

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 Noncovered Muni ABP's.    You can either increase that box 13 value if you have noncovered APB hat wasn't included in the broker's 1099-INT box 13......or, for your own piece of mind, create yet another 1099-INT with only that bond's box 8 and box 13 values.