Question

1099-INT

Forum|Forum|1 year ago
March 29, 2025
1 reply
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Where do you put bond premium treasury obligations, non covered lots in turbo tax. It says amounts not reported to IRS but presented for reference when preparing tax returns. In the details for interest income amount is negative. Should this be deducted from the amount in box 1 or box 3?

thank you

M

mglauner

Here's how to enter your 1099-INT in TurboTax reporting bond interest premium:

Select Federal Taxes
Under Wages & Income select Interest on 1099-INT
Enter your 1099-INT information, select Continue
Select I need to adjust the taxable amount, select Continue
Enter the state that pays your tax-exempt interest, select Continue
Enter the amount of your premium adjustment (use a negative number if you need to add to the interest reported)
Select the Reason for Adjustment