Thanks, unfortunately does not answer the question. I purchased coupon Treasury bonds in the secondary market and the price included accrued interest because it was between coupon payment. My 1099-INT reports interest I received, does this number include the accrued interest I paid that was returned to me when the coupon was paid which I need to deduct? There is a line on my Fidelity tax statement under "Supplemental Information Not Reported to the IRS" that shows "Accrued Interest Paid on Purchases," do I need to deduct this amount so I am not taxed on it?
