My combined 1099 form has a page with supplemental information not reported to the IRS, which includes an amount for "accrued interest paid on purchases." I understand that when I buy a bond, I pay the seller for the interest that has accumulated from the last coupon to my purchase date.
Do I need to input this amount into Turbotax when I put in my 1099 (in case it adjusts my interest, dividends, capital gains, etc.)? Or would this amount already be factored into the 1099 numbers, and there is nothing else that I need to do with that information? Thanks!
