DENNYCARR
Level 3

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?

0 Cheers