Private activity bonds (1040)

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Enter specified private activity bond (PAB) income on the B&D or Broker screen, in the Income folder. The type of income, interest or dividend, will determine where the income will need to be entered.

Interest PAB income

To enter PAB interest income or 1099-INT Box 9 amounts, open the Interest income statement dialog and enter the amount in the AMT Int Income (PAB) column.

Dividend PAB income

To enter PAB dividend income or 1099-DIV Box 12 amounts, open the Dividend income statement dialog and enter the amount in the AMT Exempt Div (PAB) column.

Note: Because they are exempt from regular tax, private activity bond interest amounts will only carry over to Form 6251.

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