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Get your taxes done using TurboTax
because of a flaw/bug in Turbotax programming that has existed for decades the accrued interest is prorated among the various lines on the 1099-int
you would need to create another 1099-INT where only the interest type affected by the accrued interest is reported along with the accrued interest. you must remove this info from the original1099-int to avoid doubling up.
‎February 23, 2024
12:07 PM