topic already done that .. the numbers shown on the source work... in Retirement tax questions

The total of tax exempt interest income on my 1099-int forms is more that what turbo tax is showing on form 1040 line 2a .

nedaniels1 — Tue, 04 Jun 2019 00:46:30 GMT

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

Click on the Forms icon ont he upper right, then on the 1...

Anita01 — Tue, 04 Jun 2019 00:46:31 GMT

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.

already done that .. the numbers shown on the source work...

nedaniels1 — Tue, 04 Jun 2019 00:46:33 GMT

already done that .. the numbers shown on the source worksheet are correct but are more than line 2a

Me too. Any solutions?

ncbells — Tue, 04 Jun 2019 00:46:34 GMT

Me too. Any solutions?

Mine is too. Has anyone solve or figure out this problem?

da109984 — Tue, 04 Jun 2019 00:46:36 GMT

Mine is too. Has anyone solve or figure out this problem?

I'm guessing it has something to do with box 13 ( bond pr...

ncbells — Tue, 04 Jun 2019 00:46:37 GMT

I'm guessing it has something to do with box 13 ( bond premium) but I can't get the numbers to add up!

Same here. Not sure what can be done other than overridi...

tsunghua — Tue, 04 Jun 2019 00:46:39 GMT

Same here. Not sure what can be done other than overriding. I observed Dividends Income Smart Worksheet mis-labels Box 11 as Box 10. But not sure this anomaly would have anything to do with the issue.

Re: The total of tax exempt interest income on my 1099-int forms is more that what turbo tax is showing on form 1040 line 2a .

mglimbach — Sun, 05 Apr 2020 23:16:18 GMT

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.

Re: The total of tax exempt interest income on my 1099-int forms is more that what turbo tax is showing on form 1040 line 2a .

rgazzo — Thu, 18 Mar 2021 18:51:39 GMT

Thank you so much. that was the answer.