Specified private activity bond interest dividends the same as specified private activity bond interest?

Hi,

I am in the AMT interview questions and it is asking me to enter any specified private activity bond interest. Some of my 1099-DIV say "specified private activity bond interest dividend". The "dividend" part of it is confusing to me. Is interest and interest dividend the same thing? Or, should I only look at 1099-INT for this and ignore interest dividend?  We are talking about < $100 in either scenario, if that helps.

Thanks,

Gene
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    The term is somehat variable and can be called either interest or dividends depending on the source..
    ...they are asking
    ...for the tax exempt $$ reported on THAT 1099-DIV, did the provider of that -DIV form indicate that there were private activity $$ that wre part of box 10.  Report them for that form..


    IF you also have a 1099-INT form that has box 8 tax-exempt $$, there is an equivalent request.  But only related to the $$ reported on THAT 1099-INT form.
    • Hi Steamtrain, thank you.  

      TT is asking specifically for the "private bond activity interest expense". It does not seem like the question is asking about tax exempt $.  Might you be thinking of another section of TT?  Sorry, if I was not clear in my question. (or maybe I am overlooking something in the TT question as you picked up on it that they are asking for tax exempt interest?"

      so, would private activity interest expense be all #s that are in either one of these 2 boxes?

      1099-DIV Box 11 "Specified private activity bond interest dividends"
      1099-INT Box 9 specified private activity bond interest

      Thank you

      Gene
    • Interest expense???
      Yeah..missed that....and the fact that you were on the AMT form at all!

      What the heck is line 8 on the form 6251?
    • Instructions for that (line 8 form 6251)are on page 2 here:

      http://www.irs.gov/pub/irs-pdf/i6251.pdf

      Sorry, but i'm clueless on many of those AMT items, but the 6251 instructions should help immensly.

      .TTX looks like it doesn't help much at all..does it?
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