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Bond Premium - Reporting on Partnership Return

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    #1

    Bond Premium - Reporting on Partnership Return

    The partnership owns stocks and bonds. Received a 1099 from Vanguard showing Interest on US Savings Bonds - line 3. I reported this as taxable interest on Schedule K. Also, the Vanguard statement shows Bond premium on Treasury obligations on line 12. This should be an adjustment to what is listed on line 3. Where should the bond premium be reported so it reflects correctly on the k1?
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    #2
    If there is no other accommodation on K-1, I would add the premium amortization to the interest.

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