What entries flow to Form 1040 as tax-exempt interest and taxable interest?
Line 2a for "Tax-Exempt Interest" on Form 1040 can flow from one or more of the following data input locations:
| Screen |
Line |
| INT screen, 1099-INT |
Tax-Exempt Interest
Bond Premium on Tax-Exempt Bonds
|
| DIV screen, 1099-DIV |
Exempt-Interest Dividends
|
| OID screen, 1099-OID |
Tax-exempt OID
|
Screen 3, Income
(adjustment field) |
Taxpayer/Spouse Tax-Exempt Interest
|
| K1P screen, Partnership K-1 |
Line 18, Code A |
| K1S screen, S corp K-1 |
Line 16, Code A |
| K1F screen, Fiduciary K-1 |
Line 14, Code A |
Line 2b for "Taxable Interest" on Form 1040 can flow from one or more of the following data input locations:
| Screen |
Line |
|
INT screen, 1099-INT
|
Multiple lines
|
| 6252 screen, Installment Sale |
Current Year column, Interest line
|
| OID screen, 1099-OID |
Original
|
Screen 3, Income
(adjustment field) |
Taxpayer/Spouse Taxable Interest, line 2b
|
| K1P screen, Partnership K-1 |
Line 5 |
| K1S screen, S corp K-1 |
Line 4 |
| K1F screen, Fiduciary K-1 |
Line 1 |
To review the source(s) of the amounts carrying to Form 1040, right click on the relevant line in view mode and select Review Input Sources (LinkBacks). See the video LinkBacks and Related Links below for more information about LinkBacks.
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