pr-2024
Returning Member

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I have a similar question on the reporting of Market Discount for Treasury Note. I purchased the T-Note from secondary market and held it to maturity. I am using TurboTax Premier, Desktop version. TurboTax correctly downloaded the information from my broker's website. It is reporting the interest earned through coupons on the 1099-INT, and is showing a line item in the imports for 1099-B for the maturity of the Note. The Proceeds (box 1d) and the Cost basis (box 1e) have the same value, so that the net gains is being reported as zero. But, I also have a number (about $3,750) in box 1f, labeled as Market Discount, which TT imported correctly. However, this number - the Market Discount - doesn't appear to be used anywhere. There is a hyperlink for "Learn more" which upon clicking says the amount will be reported on Schedule B. I checked the Forms - Schedule B as well as the Worksheets underneath it, but this Market Discount from box 1f is not showing up anywhere. Very odd. Is this a software bug? known issue? What do you suggest?