Question

Tax exempt interest

Forum|Forum|2 years ago
March 3, 2024
1 reply
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I download my investment information and am having difficulty reconciling the tax exempt interest. Is there a worksheet that shows the detail of the t/e interest that ties out to Form 1040, line 2a?

M

MayaD

In general, your tax-exempt stated interest should be shown in box 8 of Form 1099-INT or, for a tax-exempt OID bond, in box 2 of Form 1099-OID, and your tax-exempt OID should be shown in box 11 of Form 1099-OID.

Also, any exempt-interest dividends from a mutual fund or other regulated investment company is included on form 1040 line 2a. This amount should be shown in box 12 of Form 1099-DIV

irs.gov

[Edited 03/07/2024, 8:15PM, PST]

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