Level 1
12-06-201904:38 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Where to enter Box 13 on 1099-DIV - Bond Premium On Tax-Exempt Bond in Lacerte?
Solved!Go to Solution.
Labels
0Cheers
This discussion has been locked. No new contributions can be made. You may start a new discussion here
1 Solution
Accepted Solutions
Level 15
12-06-201904:38 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
I think you meant Box 13 on 1099-INT. That is the amortized premium paid above and beyond interest payable on covered securities and is used to offset interest received.
You would enter that on Screen 11 under Tax-Exempt Interest on the line for "Amortizable bond premium on tax-exempt bonds".
---------------------------------------------------------------------------------
Still an AllStar
4 Comments 4
Level 15
12-06-201904:38 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
I think you meant Box 13 on 1099-INT. That is the amortized premium paid above and beyond interest payable on covered securities and is used to offset interest received.
You would enter that on Screen 11 under Tax-Exempt Interest on the line for "Amortizable bond premium on tax-exempt bonds".
---------------------------------------------------------------------------------
Still an AllStar
Level 8
12-06-201904:38 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
You could enter the tax exempt dividends as tax exempt interest on screen 11.
0Cheers
Level 2
02-06-202005:20 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
I'm not sure what you mean by "Screen 11".
When I put it in Section E Adjustment Information it reduces the interest income the bond kicked off. Why is this a thing? The bond was bought many years ago, and as far as I know we've never reduced it in the past. Was it an election we had to take?
0Cheers
Level 1
03-22-202012:54 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Where do I enter Box 13 1099-INT in Lacerte for Partnership? Thanks!
0Cheers
