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March 15, 2024
Solved

What is the source of Tax-exempt Interest on line 2a of Form 1040-SR?

  • March 15, 2024
  • 1 reply
  • 0 views
Turbo Tax says it comes from "Interest Income Smart Worksheet (Schedule B)", but I cannot find that form in my TurboTax list of forms.
Best answer by SteamTrain

Go further back ...

IT is the sum of any box 8 $$ on any 1099-INT forms you entered....(sometimes lowered a bit by any box 13 $$ on the same 1099-INT form)

PLUS

any box 12 $$ on any 1099-DIV forms you entered.

 

____

Occasionally there can be some added amounts from a Schedule K-1 form you might have entered...but having a K-1 is much rarer situation

1 reply

SteamTrain
Employee
March 15, 2024

Go further back ...

IT is the sum of any box 8 $$ on any 1099-INT forms you entered....(sometimes lowered a bit by any box 13 $$ on the same 1099-INT form)

PLUS

any box 12 $$ on any 1099-DIV forms you entered.

 

____

Occasionally there can be some added amounts from a Schedule K-1 form you might have entered...but having a K-1 is much rarer situation

____________*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*