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finn538
New Member

Where do I report Bond Premium Amortization of tax exempt bonds.

Non-Covered fixed income holdings(Tax exempt state bonds) reported a bond premium amortizations on a supplemental information schedule of my 1099. Where do I report this and also the acquisition premium amortization?

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taxpayer8
New Member

Where do I report Bond Premium Amortization of tax exempt bonds.

You don't report it explicitly.  You can deduct it from the tax-exempt interest you report.
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