Drake Tax - 1040 - Tax-exempt and Taxable Interest

Article #: 14746

Last Updated: October 18, 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.