You can enter the accrued interest adjustment in the 1099-INT section of TurboTax.
Follow these steps to make an adjustment for the accrued interest paid on your taxable bonds:
- Select Federal Taxes
- Under Wages & Income select Interest on 1099-INT
- Enter your 1099-INT information, select Continue
- Select I need to adjust the taxable amount, select Continue
- Enter the accrued interest paid in the Adjustment box
- Select the Reason for Adjustment as My accrued interest is included in this Form 1099-INT
@jman3
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