Page 94 - Interest Income - Individuals Handbook

How to report interest income

Reporting tax exempt income.

Don't report interest from an IRA as  Total your tax-exempt interest (such as interest or
tax-exempt interest. accrued OID on certain state and municipal bonds,
including zero coupon municipal bonds) reported on
Form 1099-INT, box 8, and exempt-interest
dividends from a mutual fund or other regulated
Don't report interest investment company reported on Form 1099-DIV,
from an IRA as tax- box 11.
exempt interest  Add these amounts to any other tax-exempt interest
Don't report interest you received. Report the total on line 2a of Form
from an IRA as tax-
exempt interest. 1040 or 1040-SR.
 Form 1099-INT, box 9, and Form 1099-DIV, box 12,
show the tax-exempt interest subject to the
alternative minimum tax on Form 6251.
 These amounts are already included in the amounts
on Form 1099-INT, box 8, and Form 1099-DIV, box
11.
 Don't add the amounts in Form 1099-INT, box 9, and
Don't report interest from an Form 1099-DIV, box 12, to, or subtract them from,
IRA as tax-exempt interest. the amounts on Form 1099-INT, box 8, and Form
1099-DIV, box 11.