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February 28, 2024
Question

1099-Int box 13 $$$ but 8 no $$$

  • February 28, 2024
  • 1 reply
  • 0 views

I received a 1099-Int with only a entry in box 13 and no entry in box 8 or 3. How should I proceed?

Error

Schedule B -- Form 1099-INT (XXXXXXXXXX) Bond premium tax exempt. The
bond premium adjustment of $$$$$ reported on this Form 1099-INT (XXXXXXXXX)
is greater than the related Box 8 tax-exempt interest of 0.00. You must reduce the band premium amount
reported on this 1099-INT to the amount of Box 3. Any excess amount is a nondeductible loss.

 

    1 reply

    CatinaT1
    March 6, 2024

    I would check with the issuer of the 1099-INT to see if they will issue you a corrected form.

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