1099-INT

[Balotan]

Where do you put bond premium treasury obligations, non covered lots in turbo tax. It says amounts not reported to IRS but presented for reference when preparing tax returns. In the details for interest income amount is negative. Should this be deducted from the amount in box 1 or box 3?

thank you 

[MarilynG1]

Here's how to enter your 1099-INT in TurboTax reporting bond interest premium:

1. Select Federal Taxes
2. Under Wages & Income select Interest on 1099-INT
3. Enter your 1099-INT information, select Continue
4. Select I need to adjust the taxable amount, select Continue
5. Enter the state that pays your tax-exempt interest, select Continue
6. Enter the amount of your premium adjustment (use a negative number if you need to add to the interest reported)
7. Select the Reason for Adjustment

This link has more detailed info on Reporting Bond Interest Premiums.

@Balotan