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Level 2
February 25, 2026

Interest from Schwab on Schedule B twice

  • February 25, 2026
  • 1 reply
  • 16 views

I downloaded my tax information from Schwab only to find the interest earned was recorded twice on schedule B.  First the correct number including all the treasuries appears from the 1099 and then each treasury bond has the interest listed and both the number from the 1099 and the interest from the treasuries are added into the total.

 

I can’t find a way to correct this and TurboTax needs to correct the software.

    1 reply

    Level 2
    February 25, 2026

    I think I've figured it out.  The discount 'interest' is the amount on the matured treasuries.  The numbers are within $ of each other and caused the confusion.