JMFord
Returning Member

How can I get Accrued Market Discount on Treasury Notes to Populate to Schedule B as interest?

I am presently stuck and unable to complete and file my taxes. Help would be very welcome!!

 

I have several T Notes that have an Accrued Market Discount, and I am having difficulty getting them to populate as interest on Schedule B.

 

I am entering the Accrued Market Discount in step-by-step, on the screen as shown below:

less common.jpg

 

On the next screen, I do not check any boxes, as shown below:

no other.jpg

After making this entry, I see the following on Schedule B. The Accrued Market Discount is not populated as interest. 

 

b no O.jpg

After searching the community for possible workarounds, I found a suggestion for a solution that does produce the interest entry on Schedule B.

B O.jpg

This work around is to check the last box on the kess ciommon adjustment page (the "reason NOT already covered "), as shown below. 

adjustments.jpg]

Sadly, this workaround produces a downstream issue (https://ttlc.intuit.com/community/taxes/discussion/turbotax-2022-premier-behaving-badly-wrt-accrued-...) which I have also offered to the community for assistance.