1099-INT Box 13

Forum|Forum|4 years ago
April 2, 2022
1 reply
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I ran a draft of my return with amounts in Box 13 which should have reduced my total tax exempt interest from Box 8. It did on my draft, but when I did an update it increased my total tax exempt income shown on Form 1040 2a by the amount of the amortization. Is this an error in the program?

JohnB5677

Level 15

The IRS instructions say on page 4 Box 13 Instructions for Forms 1099-INT and 1099-OID

Box 13. Bond Premium on Tax-Exempt Bond For tax-exempt covered security acquired at a premium, enter the amount of bond premium amortization allocable to the interest paid during the tax year. If you reported a net amount of interest in box 8 or 9, whichever is applicable, leave this box blank.

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