jbs6
New Member

accrued interest paid on purchase

I paid accreditation interest to the seller of bonds purchase. In answering the question do you need to make adjustments to income reported on Form 1099 interest, I put the amount as a positive figure, as instructed and select the dropdown accrued interest. Then on Schedule b, the amount is added instead of subtracted. I cannot manually overwrite to show this figure as a negative amount.