Line 2a of your Form 1040, will not necessarily equal the total of Box 8 of your Form(s) 1099. There is an adjustment for tax-exempt bonds purchased at a premium. Do you have any Form(s) 1099-OID? Or amounts in Box 13 of your Form 1099-INT?
If you believe the number is wrong you can try deleting your Form(s) 1099 and re-entering them. This may reset it.
Per the instructions for Form 1040, Line 2a : If you received any tax-exempt interest (including any tax-exempt original issue discount (OID)), such as from municipal bonds, each payer should send you a Form 1099-INT or a Form 1099-OID. In general, your tax-exempt stated interest should be shown in box 8 of Form 1099-INT or, for a tax-exempt OID bond, in box 2 of Form 1099-OID, and your tax-exempt OID should be shown in box 11 of Form 1099-OID.
Enter the total on line 2a. However, if you acquired a tax-exempt bond at a premium, only report the net amount of tax-exempt interest on line 2a (that is, the excess of the tax-exempt interest received during the year over the amortized bond premium for the year). Also, if you acquired a tax-exempt OID bond at an acquisition premium, only report the net amount of tax-exempt OID on line 2a (that is, the excess of tax-exempt OID for the year over the amortized acquisition premium for the year). See Pub. 550 for more information about OID, bond premium, and acquisition premium.
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Click here for Instructions to Form 1040.
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