Drake Tax - 1040 - Tax-exempt and Taxable Interest

Article #: 14746

Last Updated: December 05, 2024

Tags: Drake Tax1099INT1099DIV1099OIDK1

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Line 2a

Line 2a for "Tax-Exempt Interest" on Form 1040 can flow from one or more of the following data input locations:

Screen	Line
INT	Tax-Exempt Interest Bond Premium on Tax-Exempt Bonds
DIV	Exempt-Interest Dividends
OID	Tax-exempt OID
3	Taxpayer/Spouse Tax-Exempt Interest
K1P	Line 18, Code A
K1S	Line 16, Code A
K1F	Line 14, Code A

Line 2b

Line 2b for "Taxable Interest" on Form 1040 can flow from one or more of the following data input locations:

Screen	Line
INT	Multiple lines
6252	Current Year column, Interest line
OID	Original
3	Taxpayer/Spouse Taxable Interest, line 2b
K1P	Line 5
K1S	Line 4
K1F	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).

Watch the video LinkBacks for a demonstration.