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PDtax
PDtax, Certified Public Accountant (CPA)
Category: Tax
Satisfied Customers: 4311
Experience:  35 years tax experience, including four years at a Big 4 firm.
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On my 1099-INT I have and amount listed Premium Line 11.

Customer Question

On my 1099-INT I have and amount listed for Bond Premium Line 11. What do I with this number?
Submitted: 1 year ago.
Category: Tax
Expert:  PDtax replied 1 year ago.

Hi from Just Answer. I'm PDtax. I'll assist.

Expert:  PDtax replied 1 year ago.

The amount of bond premium is deducted against your interest income reported on the same form.

If you earned regular line 1 interest, deduct the line 11 premium as an adjustment to line 1 income.

If you invested in US Savings Bonds, deduct the line 11 premium against the line 3a income.

If you invested in US treasuries, deduct the line 11 premium against the line 3b income.

Thanks for asking at Just Answer. Please rate my assistance using the star scale to close out your question. I'm PDtax.