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kkmanning
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Why is the tax exempt interest number different on my return from what i input to the schedule?

 
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Why is the tax exempt interest number different on my return from what i input to the schedule?

1)  Box 8 on a 1099-DIV and box 10 on a 1099-DIV?, both add into line 8b of the 1040.

2) any box 13 value on the 1099-INT subtracts from that number

3) any post-form entry of accrued interest for a recently purchased bond can also reduce the value of line 8b of the form 1040

____________*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*

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1 Reply

Why is the tax exempt interest number different on my return from what i input to the schedule?

1)  Box 8 on a 1099-DIV and box 10 on a 1099-DIV?, both add into line 8b of the 1040.

2) any box 13 value on the 1099-INT subtracts from that number

3) any post-form entry of accrued interest for a recently purchased bond can also reduce the value of line 8b of the form 1040

____________*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*
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