Enter nominee, accrued, OID, or ABP adjustments for interest

To add to the tax-exempt interest amounts, don't manually adjust the amount in the
Tax Exempt
field. Instead, do the following to enter nominee, accrued, OID, or ABP adjustments for interest.
  1. Create a 2nd line in the
    Interest income
    statement.
  2. Enter code
    3
    ,
    4
    ,
    5
    , or
    6
    in the
    Type code
    field.
  3. Enter the adjustment as a positive amount in the
    Interest income
    field.
UltraTax CS calculates a subtotal for each code and reports it on Schedule B.

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