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Get your taxes done using TurboTax
jksmithpa2, it is going to all be dependent how your broker is reporting the numbers.
The 1099-INT and 1099-B are independent. If your broker included the accrued interest in the year you purchased in the 1099-INT, then utilize the accrued interest adjustment TT offers. If your broker also includes the accrued interest paid at time of purchase in your cost basis on your 1099-B in the year sold/matured, then you should adjust that number.
Now, not to complicate things further for you, but, while doing all this, pay close attention that the information is properly flowing to your state tax forms. Don't just assume that it is.
March 15, 2025
4:35 AM