Under your last entry on line 1, put a subtotal of all interest listed on line 1. If you bought a TAX-EXEMPT bond at a PREMIUM and sold it PRIOR to maturity. 5. 07 percent, compounded annually. 6%. As of November 13, 2023, the fund has assets totaling almost $16. Thus, under § 1. Tax-exempt bond. Box 13. Both will achieve the same result. For the purpose of this example, assume an investor had a tax-exempt interest dividend distribution of $1,000. In 2015, 94% of all noncallable tax-exempt bonds were issued at a premium. C. 9. In Box 111 - State of origin, enter the 2-digit state code. At closing, bond counsel delivers an opinion that interest on theTaxable Bond: A debt security whose return to the investor is subject to taxes at the local, state or federal level, or some combination thereof. Make a note for next year's file. Enter on 1099-INT worksheet, Box 3b - Interest on Treasury obligations. The DNI of $73,450 is calculated on line 7 of Schedule B. Tax Exempt Bonds. B&D Interest Income State ID No. Under your last entry on line 1, put a subtotal of all interest listed on line 1. To enter the Tax-exempt interest and Specified private activity bond interest in Turbo Tax: In Federal, jump to 1099-Div and click add. Referenced Sources: Massachusetts General Laws. That loss can be taken at maturity or it can be spread out over the life of the bond. 01 Overview 1 1. This amount reduces taxable interest and is notated "ABP Adjustment" on Schedule B. The $25,000 of interest income on state and local bonds, other than the New York City bonds, is to be added to Federal adjusted gross income (see subdivision [a] of this section). If the bond yields tax-exempt interest, you must amortize the premium. It is possible to acquire an OID bond in the secondary market at a premium. If the state pays the high-income household $100 in interest, the household will see tax savings of $39. 00 8- Cash liquidation distributions 0. 75-1 Treatment of bond premiums in case of dealers in tax-exempt securities. Contrary to one popular misconception, despite amendments to the Excise Tax Act over the years, no changes were made to the surety bond's status as a non‐commercial activity. In Box 110 -. Other Information. (iii) Bond premium allocable to the first accrual period. • Although there is a box for. If there is an amount in both boxes 2 and 8, the amount in box 2 is interest on a U. The tax rules in each of these situations can be fairly elaborate and often require an investor to make elections and keep detailed records on the bond. Are bond premiums taxable? For a bond investor, the. (B) generally. Include in box 8 any accrued qualified stated interest on these bonds sold between interest dates (or on a payment date). If you acquired a tax-exempt bond at a premium, you are only required to report the net amount of tax-exempt interest (that is, the excess of the tax-exempt. 22-Sep-2019 6:06am. Error: Schedule M1M - sum of line 1 & line 2 doesn't match Form 1040 line 2a. In Box 110 - Additional amount, right-click on the box and select List . For taxable bonds, the adjustment will reflect on Schedule B, Part 1. 183,500,000. Tax-Exempt Bond: Cost Basis if Held Until Maturity:. The following includes answers to common questions about interest, dividends, and tax-exempt income. (ii) Amount of bond issuance premium. Instead the amortization amount is just showing in the 1099 in the "Adjustments" section, under "Bond premium - Tax-exempt obligations (noncovered. Enter the state that pays your tax-exempt. The investor pays no tax on the income stream from such bonds, but would also be allowed to deduct the premium, offsetting other taxable income. You can delete Schedule B using these steps: Select Tax Tools from the menu on the left. HOME Form 8949. R. 1041-US: Interest, dividends, and tax-exempt income FAQs. Bonds and bond funds are taxed in 2 ways—based on the income that's distributed and on any gains if the investment is sold at a profit. Under your last entry on line 1, put a subtotal of all interest listed on line 1. Fund management. In fine print is says "original cost basis $10,368". The discount is also amortized and increases the amount of t/e. If boxes 8 and 11 are blank. In no case shall the amount of bond premium on a convertible bond include any amount. A California bond is federal tax-free, so on his federal return, the taxpayer reports $40 in tax-free interest ($50 minus $10 in amortizable premium) and reduces his basis in the bond from $1,100 to $1,090 in the first year. PHONE: 800-955-2444 CONNECT: Tax Analysts is a tax publisher and does not provide tax advice or preparation services. If adjustments for bond premiums are not reflected on your 1099-INT, you can manually enter the bond premium adjustment in the 1099-INT section of TurboTax. Market discount $ 11 . Report the bond’s interest on Schedule B ( Form 1040A or 1040 ), line 1. Box 12 Bond Premium on U. Client has CA muni bond with tax exempt interest but also a bond premium reported in box 13. Special Tax Bond: A type of bond that is repaid by revenues derived from taxation of a particular activity or asset. For a covered security acquired with bond premium, you must report the amount of bond premium amortization for the tax year. State tax withheld $ $ Form . 1 Series A Group 1 Tax-exempt 6 2. 00. Expense ratio. In accordance with IRS-mandated changes, there are several modifications to Form 1099-INT, including: • Line 11 now reflects total bond premium for taxable covered lots; there. If the Tax-exempt income is coming from a Passthrough it is entered in Passthrough K-1's, Screen 23. What should I do with this?A muni bond was also sold, 1099-B reports same amount as cost basis $10,000 and sales price of $10,000. How do you record bond premium on tax-exempt bonds? If the bond is a tax-exempt municipal, you report the loss of premium value and subtract the loss from. 10. Under § 1. Under applicable tax rules, the Issuer is legally responsible for the tax-exempt status of the bonds. 25% of permissible premium). What should I enter in the Type Code field in the interest and dividends statements? How do I enter income from a private activity bond? How do I enter income that is tax-exempt at the federal level, but taxable at the state level?Therefore: Accrued OID at time of Sale = 6 /10 × $200 = $120. Where do I enter bond premium non treasury obligations noncovered. 171–1, the amount of bond premium is $10,000 ($110,000−$100,000). A new box 13 has been added to Form 1099-INT to report bond premium on tax-exempt bonds. Bond premium- Tax-exempt obligations (noncovered lots) 0. A separate clarification, I net purchased accrued interest (purchased interest) and box 13 on 1099 INT (Bond Premium on TEB) against total Tax Exempt Interest (Box 8 on 1099 INT). Therefore, the sum of all amounts payable on the bond (other than the interest payments) is $100,000. Click on the box My form has info in more than just these boxes (this is uncommon). Select I need to adjust the taxable amount, select Continue. A tax term, the amortizable bond premium refers to the excess price (the premium) paid for a bond, over and above its face value. SEE BLOW: If the bond yields tax-exempt interest, you must amortize the premium. Expenses (other than interest expense) connected with federally tax-exempt income that is taxable to New York State: X: X: X: X: S-204: Amortizable bond premiums on bonds that generate federally tax-exempt interest income that is taxable to New York State: X: X: X: X: S-205: Wage and salary expenses allowed as federal credits but not as federal. Tax-Exempt OID (Box 11) is offset by Acq Premium (Box 6); they are both adjustments to tax exempt income and are not taxable. how do I report these in Federal Tax?. U. This amount is included in line 8. For bonds issued after 1984, the OID is treated as interest. Box 3 - Early withdrawal penalty. Clarifications would be appreciated, if I am doing this wrong. 8 billion Vanguard Tax-Exempt. tax-exempt Bond with bond premium must. The financing is. Where is the Definition of Governmental Bonds? Treas. Click Interest on 1099-Int, click edit/add. This amortized amount is not deductible in determining taxable income. Marietta City Hall. This article explains how to input an election to amortize bond premium on Form 1099-INT, line 11. 1099 from bond funds and tax exempt amount. Box 11 should report the bond premium that was allocated to the interest paid during the tax year. An investor who purchases this bond has a return on investment that is determined by the periodic coupon payments. For federal tax purposes, the individual won’t pay taxes on the interest. Enter a description and a positive amount for the state tax-exempt interest. Based on the remaining payment schedule of the bond and A's basis in the bond, A's yield is 8. B&D Interest Income State W/H. Box 2 - Other periodic interest. on my 1099-Int: Box 8 Tax-Exempt Interest: $544. To determine the bond premium amortization we multiply the acquisition cost times the purchase yield ($107,485)* (. C. 07%. Effectively, that means the yield on a municipal bond paying 3. So, much hunch is that tax-exempt interest on 1099-INT line 8 should instead be entered only on 1099-OID line 2. ) Loans of $10,000 or less between individuals who are not in the. You can delete Schedule B using these steps: Select Tax Tools from the menu on the left. They also won’t incur a capital loss at maturity since the premium. This amount is included in line 8. S Bond Interest . NUVEEN INSD TAX-FREE ADVANTAGE MUN FD 1. Instead the amortization amount is just showing in the 1099 in the. 22:. read moreor qualified private activity bonds, such as qualified 501(c)(3) bonds. BOND ORIGINALLY ISSUED AT A PREMIUM SOLD BEFORE MATURITY Issuer: City C Coupon: 2. If the sale price is higher than the purchase price, there may be a gain on the sale. S. See Box 13 Bond premium on tax-exempt bond X Box 15 State B&D Interest Income State W/H Box 16 State identification no. Go to Screen 46, Elections. Enter the total on line 2a of your Form 1040 or 1040-SR. 00 8- Cash liquidation distributions 0. When I enter them on page#11 on the same 1099 input form they net against each other on the 1040 line 2a and do not show up on schedule B or in any detail. (2) In lieu of any deduction under Section 24360, the amount of any premium so allocated to any interest. State tax withheld $ $ 2021. 00. 9. Muni bond interest can also impact how your Social Security is taxed. all tax-exempt interest income received during the tax year should be reported on Form IT-201, Line 21a "Exempt-interest dividends" of the New York State income tax return, regardless of whether it is exempt from New York State and local income taxes or not. *Panama Canal Bonds Specifically Exempt from Tax by U. I also have the same issue with my 1099-INT where my bond premium (box 11) is greater than interest income (box 1). Expenses (other than interest expense) connected with federally tax-exempt income that is taxable to New York State: X: X: X: X: S-204: Amortizable bond premiums on bonds that generate federally tax-exempt interest income that is taxable to New York State: X: X: X: X: S-205: Wage and salary expenses allowed as federal credits but not as federal. - click "I amortized a premium," and. 4- Federal income tax withheld 0. When governments issue bonds, specific considerations are likely to apply to bond proceeds. Tax-Exempt Interest Received by Estate or Trust. The difference between these two amounts is the OID. Form 1099-OID, Original Issue Discount, exists to report income when bonds, notes, or certificates of deposit (CDs) are sold at a discount from their maturity value. These premiums are large: the average ten-year bond was issued at a price of 119 per 100 face value. 02-17-2020 09:00 AM. See Publication 550. 02-17-2020 09:00 AM. However, the state will only save $25. Here's where the fun begins. In line 16 - (11) Bond premium, enter the amount. 42%. 00 per bond1 (also known as par). *** This is important tax information and is being furnished to the Internal Revenue Service. For each year that the premium is amortized, Janice’s cost basis (the $1,030) is reduced by the annual $10 amortization under IRC § 1016 (a) (5) and reflected by the broker as well under Treas. Therefore, the OID on tax-exempt bonds is tax free, while the OID on taxable securities is subject to taxation as interest income. This part of the OID is treated as OID on a tax-exempt obligation. S Treasury securities. However, if you acquired a tax-exempt bond at a premium, only report the net amount of tax-exempt. We then subtract this amount from $5,000 which is the amount of coupon earned for 1 year. State. Amendments. You can leave that field blank if Box 14 is empty on your form. 6045-1(a)(15)(i)(C) to determine if a debt instrument is a covered security. (a). The last three. Bond Premiums and Interest Rates. Tax-exempt bonds can trade at a significant discount to par when interest rates are high. Go to Interest and Dividend Income. R. TaxWise calculates this amount to Form 6251. A Longstaff study found that the marginal tax rate embedded into the short term tax-exempt municipal rates is able to identify an average marginal tax rate during a particular period of 41. For several years, TurboTax users have noted that TurboTax claims that Charles Schwab 1099-OID’s for tax-exempt bonds with a positive bond premium in Box 10 must have Box 10 manually reduced to 0 because Schwab provides no Box 2 value and it is treated as being null (0). You must complete your federal tax return, Form 1040/1040-SR, through the federal adjusted gross income (AGI) line before. In the case of a tax-exempt obligation, if the bond premium allocable to an accrual period exceeds the qualified stated interest al-locable to the accrual period, the ex-cess is a nondeductible loss. Analyze the Fund American Funds Short-Term Tax-Exempt Bond Fund ® Class F-1 having Symbol FSTTX for type mutual-funds and perform research on other mutual funds. bonds yielded tax exempt interest for federal income tax purposes, Petitioner was required to amortize the premium. 14. So when the bond matures, your basis will be the face value of the bond. The tax reporting requirements outlined are not appli-cable if bonds are owned inside an IRA or other retirement plans. For taxable bonds, the adjustment will reflect on Schedule B, Part 1. Level 7. State identification no. The result is $1,775. But even though no deduction is allowed, tax-exempt bonds still must amortize the premium on the books under IRC. If tax. 15 State 16 State identification number 17 State tax withheld FATCA filing requirement . tax-exempt bonds). However, if you acquired a tax-exempt bond at a premium, only report the net amount of tax-exempt interest on line 2a of your Form 1040 or 1040-SR (that is, the excess of the tax-exempt interest received during the year over the amortized bond premium for the year). 11-Bond premium (covered lots) 0. To figure your gain or loss on the sale or trade of these bonds, reduce the amount realized by your part of OID. The interest payments on the bond are qualified stated interest. General Explanation of Tax-Exempt Bonds 1. HOMEForm 8949. 73. Form . Tax Reform Act of 1986 The TRA 1986 greatly reduced private activities that may be financed with tax-exempt bond proceeds. However, in conduit financings, the bond documents usually delegate most responsibilities to maintain the tax-exempt status of the bonds to the Borrower. This amortized amount is not deductible in determining taxable income. 70 years. To. Yes, we have an entry in Box 10 and Box 11. Calculate the return. UltraTax CS TL 32075 Form Field Name Not Shared . The premium paid for a bond represents part of the cost basis of the bond, and so can be tax-deductible, at a rate spread out (amortized) over the bond’s lifespan. Bond premium on tax-exempt bond $ 14 . 000% Dated Date: 05/01/2020 Maturity Date: 02/15/2027Therefore, the OID on tax-exempt bonds is tax free, while the OID on taxable securities is subject to taxation as interest income. However, each year you must reduce your basis in the bond (and tax-exempt interest otherwise reportable on Form 1040, line 8b) by the amortization for the year. VTES predominantly invests in short-term investment-grade municipal bonds and will track the S&P 0-7 Year National AMT-Free Municipal Bond Index. If you bought a TAXABLE bond at a PREMIUM and redeemed it at MATURITY: Your cost basis is the original purchase price per bond from the trade confirmation. Amortization Methods for Premium Bonds. It offers a 5% coupon rate that is paid semi-annually and with a yield to maturity of 3. The following includes answers to common questions about interest, dividends, and tax-exempt income. 1099-OID (Rev. Once information is completed, Lacerte generates an election statement with the election language and bond information. 10. TL 32075 Destinations of Shared Data from Source Data Entry: UltraTax CS(taxable, treasury, tax exempt, tax exempt subject to AMT) that represent the total amount reported in box 11 (bond premium). State. A premium bond is one in which the market price of the bond is higher than the face value. CT modifies federal AGI by adding tax exempt interest to federal AGI. Example of Premium Bond Amortization. Importing financial institution data into Lacerte with Tax Import. See § 6. Several TurboTax users have noted that TurboTax claims that Charles Schwab 1099-OID’s for tax-exempt bonds with a positive bond premium in Box 10 must have Box 10 manually reduced to 0 because Schwab provides no Box 2 value and it is treated as being null (0). 1. • Nongovernmental output property bonds. S. Note that the tax on OID is paid annually, but the value is needed to determine your basis and the amount of market discount. tax-exempt interest received during the year over the amortized bond premium for the year). The closing date of a tax-exempt bond issue usually is the culmination of weeks or months of negotiation and planning. See Regulations section 1. The Vanguard Municipal Money Market Fund (VMSXX) has a seven-day yield of. Fidelity Learn. If your combined income is less than $34,000 for individuals and $44,000 for couples filing jointly, up to 50%. U. Box 12 lists the tax exempt bonds that paid interest income by CUSIP number. Section 744 & 745 - Interest on Bonds No Port Authority of New York No Post Savings Certificates - Not. Should the amount shown in Box 13 1099-INT be entered on the Interest Worksheet be section D (4) or E (t)?Learn about the latest tax news and year-round tips to maximize your refund. Go to Interest and Dividend Income. 2. Most interest that you either receive or is credited to an account that you can withdraw without penalty is taxable income in the year it becomes available to you. So, for example, if your Acq. If you make this choice, you must reduce your basis in the bond by the amortization for the year. Savers are allowed to buy up to $5,000 of I Bonds directly if they're receiving a tax refund when they file their 2022 tax returns. It has four check boxes. Tax Topic 403 - Interest Received. " Exempt Interest Dividends Form 1099-DIV, Box 12. However, TurboTax will carry your entry from Box 11 in the Dividends on 1099-DIV section to this line automatically. Click on the box My form has info in more than just these boxes (this is uncommon). The amount entered as Amortizable bond premium on tax exempt - which reduces the amount of tax exempt interest on the federal return, however the add back for NYS is the full amount. TTM Yield 3. Under § 1. Bond premium- Tax-exempt obligations (noncovered lots) 0. There is also an adjustment to tax-exempt interest that does not factor into the income distribution deduction. If you receive income from bonds or other obligations that are exempt from Illinois Income Tax, the exempt amount you are entitled to claim is the interest net of bond premium amortization. There is also $12,343 of bond premium on tax exempt bonds on line 13. ”. BOND ORIGINALLY ISSUED AT A PREMIUM HELD TO MATURITY (023015K58) ISSUER: CITY A Coupon: 2. In no case shall the amount of bond premium on a convertible bond include any amount. In this case, the IRS looks at what it calls combined income, which is your adjusted gross income plus tax-exempt interest and half of your Social Security benefits. 04-02-2021 10:50 PM. Options. Furthermore, he argues that the risk premium. It usually occurs when companies issue bonds at a price less than their redemption value at maturity. Box 8 is showing the gross / total interest I received on these bonds, but there is nothing showing in other boxes (including box 13), even though I bought these bonds at a premium. In fine print is says "original cost basis $10,368". According to IRS instructions, if you entered a net amount of interest in Box 3, Box 12 can be left blank. See the instructions above for a tax-exempt covered security acquired at a premium. to you on Form 1099 each year since you bought the bond. I can't do a manual adjustment as I'm doing a standard deduction, not itemized deduction. Check "I need to adjust the amount" and "Continue". For more information, visit the community discussion for 1099-OID Box 6 and Box 11. This is all very confusing in light of 1. o It is also possible that a bond that was issued with OID is later bought at a premium. Therefore, the OID on tax-exempt bonds is tax free, while the OID on taxable securities is subject to taxation as interest income. F. The above tells us to reduce tax-exempt income by the Box 10 amount. The 2% par bond in our example would have a modified duration of 4. The bond premium allocable to the accrual period ending on February 1, 2000, is. Select the Wages & Income tab scroll down to Interest on 1099-I. IRC § 103 does not mention governmental bonds, but it does refer to. 171–1, the amount of bond premium is $10,000 ($110,000−$100,000). Level 3. including tax-exempt muni bond interest, is between $32,000 and. For purposes of the restrictions against federal guarantees of tax-exempt bonds under § 149(b), a Build America Bond is not treated as federally guaranteed by reason of the credit allowed under § 54AA(a) or § 6431. Per the IRS Instructions for Form 1099-INT - - Box 14. If a net amount of interest appears in box 8 or 9, whichever is applicable, box 13 will be blank. See the Instructions for Form 6251, Alternative Minimum Tax for Individuals. Yes, you can enter Tax-exempt interest and Specified private activity bond in form 1099- Div. Is the line 8 amount already "adjusted" for the line 13 amount, or is the interest I sh. Then select. posted. Because individual bonds and bond funds distribute income differently and treat your principal differently, there are also some differences in how that income and any capital gains are taxed. Also, if you acquired a tax-exempt OID bond at an acquisition premium, only report the net amount of tax-exempt OID on line 2a (that is, the excess of tax-exempt OID for the year over the amortized acquisition premium for the year). Therefore, the sum of all amounts payable on the bond (other than the interest payments) is $100,000. In Box 88 - State, enter XX. 25% of permissible premium). On June 18, 1993, the Department of the Treasury (the Treasury Department) and the IRS published comprehensive final regulations in the Federal Register (TD 8476, 58 FR 33510) on the arbitrage investment restrictions and related provisions for tax-exempt bonds under sections 103, 148, 149, and 150, and, since that time, those final regulations. 1. You would enter that on Screen 11 under Tax-Exempt Interest on the line for "Amortizable bond premium on tax-exempt bonds". • Qualified hospital bonds. 3% tax-equivalent yield, would offer inflation-beating returns every year—right up until. 00 12-Bond premium on Treasury obligations (covered lots) 0. Bonds and bond funds are taxed in 2 ways—based on the income that's distributed and on any gains if the investment is sold at a profit. Instead the amortization amount is just showing in the 1099 in the "Adjustments" section, under "Bond premium - Tax-exempt obligations (noncovered lots)", but it. However, some bonds, such as municipal bonds, may be exempt from federal and state taxes. . 12-06-2019 04:38 PM. In eras of slimmer returns, taxes take on added importance to portfolio performance. For this example, Form 1099-Int has 17,000 in box 3 (for treasury bonds) so on the state return (SC) there's a subtraction from federal taxable income for 17,000 on page 2 of SC1040 to arrive at state taxable income which makes perfect sense to me since treasury bond interest is nontaxable to the state. Y. The phase-out threshold is $1,079,800 for 2022 for married filing jointly. 1. whether the bond premium is de minimis (17 years times . 00 Tax-exempt obligations (covered lots) 0. Supplemental Info not reported to IRS: Accrued Interest Paid on Purchases $1229. Bond issue. 77: Discount: 4%: 2%: $2: $102: $96. The tax-exempt portion of the original issue discount bond with respect to a stripped coupon or stripped bond is the excess of the stated redemption price at maturity (or in the case of a coupon, the amount payable on the due date of the coupon), over an issue price that would produce a yield to maturity as of the purchase date equal to the. CT modifies federal AGI by adding tax exempt interest to federal AGI. I don't see any place on the Additional Information Worksheet that indicates a place to put "Noncovered Bond Premium on Tax-Exempt Bonds" nor for "Muni. Min. itonewbie. However, each. The remaining discount is treated as OID on a taxable bond. BOND ORIGINALLY ISSUED AT A PREMIUM HELD TO MATURITY (023015K58) ISSUER: CITY A Coupon: 2. By contrast, premium bonds are rarely offered in the taxable market. To report the amortized bond premium by: Login to Turbo Tax; Jump to Income and Expenses. Except as provided in paragraph (c)(3) of this section, a taxable bond is any bond other than a tax-exempt. However, part of the OID on a stripped tax-exempt bond, or a stripped coupon from such a bond, acquired after June 10, 1987 could be taxable. 64 years. However, in the case of a taxable bond, if you have beenHow to report acquisition premium on tax exempt bonds. Stat. 68 of. SEC Yield: 4%. 31% (0% in CA, CT, NY) Fidelity Treasury Money Market Fund (FZFXX) 0. In TaxSlayer Pro, tax-exempt interest and dividend income can be entered from two different menus within Form 1041. See the Instructions for Form 6251, Alternative Minimum Tax for Individuals. Below this subtotal, print “ABP Adjustment,” and the total interest you received. 30% (0% in CA, CT, NY) The income earned in these funds is fully taxable at the federal level. Box 10 shows bond premium amortization. that are exempt from income tax providing these amounts are included in your Illinois base income. In the left-hand navigation, click. Select Federal Taxes. 744 & 745) E E Production Credit Associations E E Puerto Rico E E Puerto Rico Water Resources — 4. Click Start or Update next to Interest on 1099-INT. To properly enter this and resolve the diagnostic, net the amount of Municipal Bond interest by subtracting $100 from the $500 total and entering $400 in the applicable Municipal bond input field. I can't do a manual adjustment as I'm doing a standard deduction, not itemized deduction. 06 and bond premium is $1. “Vanguard Short-Term Tax-Exempt Bond ETF is built to optimize tax efficiency for investors seeking to. Prior to amendment, subpar. Enter 1099-Int information, click. Conceptually, this makes sense, because the income is not taxable and therefore no deduction should be allowed. Because the interest payments on the debt instrument are qualified stated interest, the stated redemption price at maturity of the debt instrument is $100,000. The federal return asks if any portion was from US Government Interest. I'm. I've posted on this in early March but still am having trouble understanding how to amortize the ABP amount on a Municipal bond. For a specified private activity bond with OID, report the tax-exempt OID in box 11 on Form 1099-OID, and the tax-exempt stated interest in boxes 8 and 9 on Form 1099-INT.