1099 INT Bond premium - Non Treasury Obligations noncovered lots

[taxesohmy2017]

I have a 1099 INT from Vanguard.  Box 1 Interest Income $500.  Then on the form under the following section "amounts not reported to the IRS", I have a line Bond Premium - Non Treasury obligations  (noncovered lots) with an amount of $13.30

Do I do anything with that amount.  I reported the Interest Income for $500 just not sure if I do anything with $13.30. 

Also  Boxes 2 - 14 on the 1099 INT are all zeros.

Thank you

[DaveF1006]

You will report that Bond Premium amount in Box 11 of the 1099 INT. To get to Box 11, you will put a check mark where it mentions My Form has information than Box 1.

Do not record zeros in Boxes 2-14 as this may cause a filing error. just record $13.30 in Box 11.

[taxesohmy2017]

The box 11 Bond premium (covered lots) on the form does not have an amount listed there.

The amount of $13.30 is listed in an area under heading "not reported to the IRS" on the line Bond premium - Non Treasury obligations (noncovered lots).

Do you I still enter that amount on line 11 for $13.30 even though that line does not have a amount listed there?

[DaveF1006]

Yes, you should still list in Box 11 even though it isn't on the 1099 INT form.

@taxesohmy2017

[Mr Washsale]

What do you if its a negative number on the 1099 for:

-1.76 Total Bd premium noncovered lots

Thanks for the help. 

[RobertB4444]

Deduct $1.76 from the interest entered above the bond premium.

@Mr Washsale