379979
When I add up the tax exempt interest on my 1099-int forms ( these amounts also show up on schedule B worksheet) the amount is $1747 more than what shows up on the 1040 line 2a . I can not figure out where the difference was calculated
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Click on the Forms icon ont he upper right, then on the 1040 on the left. Right-click on line 2a to go to the source and see that makes up that number.
Click on the Forms icon ont he upper right, then on the 1040 on the left. Right-click on line 2a to go to the source and see that makes up that number.
I finally figured this out. You need to take your total tax exempt interest as reflected on line 8 of your 1099-INT, subtract the amortized bond perium on line 13 of your 1099-INT and then add to this any tax exempt dividends as reflected on on line 11 of your 1099-DIV. The IRS 1040 instructions explain this well.
Thank you so much. that was the answer.
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