Where to enter Box 13 on 1099-DIV

Forum|Forum|6 years ago
December 6, 2019
2 replies
34 views

Where to enter Box 13 on 1099-DIV - Bond Premium On Tax-Exempt Bond in Lacerte?

Lacerte Tax

This topic has been closed for replies.

Best answer by itonewbie

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".

itonewbieAnswer

Level 15

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

F

Front_Desk

Level 3

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?

T

TaxMonkey

Level 7

You could enter the tax exempt dividends as tax exempt interest on screen 11.

Sign up

Login with SSO

Let's get you signed in

Login with SSO