1099-INT Box 13

[mleroy99]

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]

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.