- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Get your taxes done using TurboTax
My 1099-B reports an amount "taxable accrued interest paid", which is reported as an adjustment on TurboTax schedule B-INT. The item I'm writing about is not the same. My brokerage statement reports informational items which are not reported to the IRS. For treasury bonds it reports treasury interest including market discount and treasury accrued interest paid. I downloaded the full statement to TurboTax and TurboTax transferred the discounts as taxable items to schedule B (but not to schedule B-INT or to the worksheet)
I can handle the problem by adding the discount amounts to the adjustment, but that doesn't seem right.
‎February 27, 2025
9:55 AM