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

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1 Best answer

Level 15

Jun 4, 2019 7:36:41 PM

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

Level 15

Jun 4, 2019 7:36:41 PM

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