Yes, excess amortizable bond premium can be entered as a Miscellaneous Itemized deduction in TurboTax. Here 's how to find that:
- Open your return.
- Select Federal, then Deductions & Credits.
- Select Start or Edit, to the right of Other Deductible Expenses (under Other Deductions and Credits).
- Answer the first and second question No.
- Answer Yes to Did you have any of these other expenses?
- Enter your interest in the last box under Amortizable bond premiums.
Note: Because this becomes part of your itemized deductions, subject to limitations, this entry may not impact your tax due or refund.
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