@kraut35
Interesting. ....the "Forms Mode" form doesn't show everything
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If you also had an ABP adjustment, the Accrued interest doesn't show on the "Forms Mode" page (even though line 2 calculates OK)
.... BUT.....IF you actually create a PDF of the Schedule B, the total of ABP and Accrued interest will show on the PDF copy as a total "Interest Adjustments" subtraction, (and a backup sheet that shows the individual ABP and Accrued interest totals)
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I checked back on the 2018 desktop software, and it did it the same way.
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AND...if you only had Accrued Interest to report for any taxable bonds ...no ABP....then it does show both in Forms Mode and the PDF copy of Schedule B.
Same for ABP....where no accrued inters is being reported...it does show as an APB adjustment both in Forms Mode and on the PDF of Schedule B.
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Other wise, with both ABP and Accrued interest to report, you only see the full picture in the PDF....and then only the total of both together (and it was doing that back in 2018 too....haven't seen this as an IRS issue (((yet))))
Sure hope the IRS gets the correct full version...the electronic copy e-filed would be entirely illegible to us.
____________*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*
