How to report specified private activity bond interest dividends? - KamilTaylan.blog
14 June 2022 5:57

How to report specified private activity bond interest dividends?

Specified private activity bond interest is reported on IRS Form 1099-INT in your Tax Reporting Statement. The tax-exempt income reported by Fidelity includes amounts that are treated as specified private activity bond interest, if applicable.

Where do I report 1099-DIV line 12?

To enter exempt-interest dividends from Form 1099-DIV, box 12:

  1. Go to the Screen 12, Dividend Income (1099-DIV).
  2. Scroll down to the Tax-exempt Interest subsection.
  3. Enter the amount in the field Total municipal bonds.
  4. This amount will flow to Form 1040, line 2a per the IRS instructions for Form 1040.

Feb 9, 2022

Where do I enter specified private activity bond interest in Lacerte?

Common questions about entering interest income in the Fiduciary module of Lacerte

  1. Go to Screen 15, Interest Income (1099-INT, 1099-OID).
  2. Locate the Form 1099-INT section.
  3. Under the Tax-exempt Interest subsection, enter the Specified private activity bond interest included above (Schedule I).

How do I report 1099-DIV Box 9?

Follow these steps to enter 1099-DIV boxes 8 and 9:

  1. Go to the Input Return tab.
  2. Select Income > Dispositions (Sch D, etc.) > …
  3. Select the Details button to expand the input.
  4. Enter the amount shown in Box 8 or Box 9 as the Sales price.
  5. Enter the known basis amount as the Cost or basis.

Where do I enter my 1095 B Lacerte?

Follow these steps to enter Form 1095-B:

  1. Go to Screen 39, Affordable Care Act Subsidy/Penalty.
  2. Select Health Coverage (Form 1095-B) from the left navigation panel. …
  3. Locate the Covered Individuals (Part IV) section.
  4. Select the First Name (a) of the individual from the dropdown menu. …
  5. Complete the applicable information: