Hello,
Sorry, I'd like to make sure I understand your message below correctly.
you were required to deduct the accrued interest paid to the extent of interest received in 2022 (bond by bond). if you didn't get any interest in 2022, the full amount of accrued interest can offset the interest received in 2023.
Are you saying that I can only deduct the accrued interest paid on purchased items with CUSIP numbers that match the ones listed in the U.S. Savings Bonds & Treasury Obligations Interest (Included in Box 3)?
I can't find the CUSIP numbers for the accrued interest paid on purchased items in my Form 1099 summary under the Total U.S. Savings Bonds & Treasury Obligations Interest (Included in Box 3) section. What happened to the accrued interest paid on purchased items, the interest that I did pay in 2023 for those bond? When do I get to deduct them?
Thank you.
