Hi jksmithpa2 --
Regarding gains on Treasuries, your apparent gain may be accrued market discount (AMD) plus a cap gain if you buy at a discount and sell before maturity. My TT Premier seems to handle that well. It's convoluted, the AMD gets adjusted out and then "interest" is added on Schedule B. Regarding accrued interest paid by buyer, that is lumped in on your 1099. TT didn't screw it up. You have to back it out manually when you are entering the interest via a dialogue that begins "We Need to Adjust the Taxable Amount", and then you select something like "it's on my 1099". This thread is about preserving state non-taxability of Accrued Market Discount.
