DENNYCARR
Level 3
03-22-2023
10:12 AM
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Error: Schedule M1M - sum of line 1 & line 2 doesn't match Form 1040 line 2a.
The difference is $7k and is the amount of Bond Premium for Tax Exempt Bond
Schedule M1M Line 1 = Tax Exempt Interest
Schedule M1M Line 2 = Exempt-Interest Dividends
Form 1040 Line 2a = Tax Exempt Interest + Exempt-Interest Dividends - Bond Premium for Tax Exempt Bond
Where do I report on the Minnesota return the Bond Premium to make these numbers equal?
Best Answer Click here
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