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Level 3
posted Mar 11, 2023 4:13:17 PM

Specified Private Activity Bond Interest Dividends--1099-INT for each bond?

I have $398 in total 

Specified Private Activity Bond Interest Dividends (Box 13 in 1099-DIV) across my investments.  These are all from municipal bonds which are tax-free.  Unlike Tax-exempt interest dividends (Box 12 in 1099-DIV) which TT has a additional adjustment section for that I assume applies for Federal as well as the states we manually designate (for me it's CA), there's no equivalent treatment for  Specified Private Activity Bond Interest Dividends.  

 

I called a TT expert today and she suggested I contact Fidelity who sent me the statements to ask if I should have gotten a 1099-INT for EACH bond.  I've never gotten bond specific 1099-INTs for the many years I've gotten 1099-DIVs that have bonds listed.  Should I have gotten 1099-INTs for each bond to see if I should be taking the AMT route and file Form 6251?  

 

 

0 1 8512
1 Best answer
Level 15
Mar 11, 2023 4:37:29 PM

the only purpose of bix 13 is to show the amount subject to Alternative Minimum Tax. these mounts are included in box 12

 

1 Replies
Level 15
Mar 11, 2023 4:37:29 PM

the only purpose of bix 13 is to show the amount subject to Alternative Minimum Tax. these mounts are included in box 12