Help please reporting tax exempt interest

[artp]

What adjustments (if any) do I need to amount shown in line 8 ? These always confuse me.

Broker reported the following on 1099-INT

Line 8 32,492.16

Tax-exempt accrued interest paid 577.78

Tax-exempt OID 58.97

Tax-exempt OID (lots not reported) 1793.03

Acquisition premium (lots not covered) 103.51

 

[DANRVAN]

You referred to the first amount from line 8, can you be more specific as to where the last four amounts came from?

[DANRVAN]

The second question, are there any computations on the tax return affected by tax exempt interest such as SS income or MAGI?

[artp]

Danrvan

The other items listed are on supplemental documents from the broker and are not reported to the IRS. The computations only affect the state return as any muni interest not specifically excluded by the state is taxable on the state return.

[Abby Normal]

On 3/25/2023 at 3:54 PM, artp said:

Tax-exempt accrued interest paid 577.78

Tax-exempt OID 58.97

Tax-exempt OID (lots not reported) 1793.03

Acquisition premium (lots not covered) 103.51

Combine accrued interest and acquisition premium into one number and use the adjustment code Other. These both reduce interest income.

Combine the OID amounts and enter as separate tax exempt interest 1099.