I may be the person to whom you refer who suggested ignoring it. I am not a tax professional and I don't claim to have any special knowledge of what will or won...

Yes, list both. You should report what has happened with your bonds whether your brokerage also reports it or not.

You don't report it explicitly.You can deduct it from the tax-exempt interest you report.

It's not excess income, it's excess bond premium.If you are not itemizing, give up the deduction and don't enter it anywhere.