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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.
March 6, 2025
1:31 PM