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Bond premium on Tax-Exempt Bond

linduca1216
Level 7

Should the amount shown in Box 13 1099-INT be entered on the Interest Worksheet be section D (4)  or E (t)?

Thanks~

 

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itonewbie
Level 15

Both will achieve the same result.  I would, however, use D4 for what's reported in Box 13 for covered securities and reserve E(T) for noncovered securities where amortization would have to be computed offline.

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3 Comments 3
itonewbie
Level 15

Both will achieve the same result.  I would, however, use D4 for what's reported in Box 13 for covered securities and reserve E(T) for noncovered securities where amortization would have to be computed offline.

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linduca1216
Level 7

Thank you!

 

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itonewbie
Level 15

YAVW

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