Drake Tax - 1040 - Tax-exempt and Taxable Interest
Article #: 14746
Last Updated: December 05, 2024
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.