@Jim H
One thing I forgot to mention about creating a separate 1099-INT for the box 3 $$ when the 1099-INT from a brokerage contains any $$ in boxes 1 and/or 8 too....
.....when you create the new 1099-INT for the box 3 $$, so that you can report the accrued interest you paid for a Treasury bond....if there are also any $$ in box 12, then those $$ should be moved to the new 1099-INT too.
The $$ in box 12 (if any there) are reporting amortization of any premiums paid for Treasury bonds, so those $$ will end up getting subtracted from the box 3 values too. Thus they need to be on the same 1099-INT that contains the box 3 $$.
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But check your 2024 1099-INT layout and box numbering in 2025 for the subject of each box. Occasionally, the IRS has been inserting some new boxes in the 1099-INT form, resulting in their re-numbering of some of the boxes, so I can't know that box 12 will be for amortized premiums for Treasury bonds 1.5 years from now.
____________*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*
