I am seeing a similar concern with how TT Premier is treating Accrued Market discount.
The two cases below seem broken. Any ideas on how to get around this would be appreciated!
Case 1 (Zero Cap Gain with Accrued Market Discount)
Sale Price 28000, Cost Basis 28000, Accrued Market Discount 397.
The Market Discount is properly entered on the "Any of these less common items" page.
Based what is entered in step-by-step on the “Select any less common adjustments” page, TT does the following:
No boxes checked | No Interest reported on Schedule B |
“Reason not already covered” box checked, no value entered. | Same |
“Reason not already covered” box checked, accrued market discount entered | GOOD - Accrued Market Discount Properly Reported on Schedule B BAD - BOTH CODES DO reported on form 8949 box 1f |
Case 2 (Non-zero Cap Gain with Accrued Market Discount)
Sale Price 16003, Cost Basis 15992, Accrued Market Discount 197
The Market Discount is properly entered on the "Any of these less common items" page.
Based what is entered in step-by-step on the “Select any less common adjustments” page, TT does the following:
No boxes checked | Cap Gain properly adjusted to 0 on form 8949, but ONLY Cap Gain (11) reported on Schedule B. (Accrued Market Discount is dropped) |
“Reason not already covered” box checked, no value entered. | Same |
“Reason not already covered” box checked, accrued market discount entered | BAD - Accrued Market Discount ONLY reported on Schedule B, BAD - Cap Gain still reported on Form 8949. GOOD - ONLY CODE D reported on form 8949 box 1f |
