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Get your taxes done using TurboTax
Reporting the accrued interest properly thru a data import, would require an agreement between the various software companies, and the financial institutions, as to how the data transfer would be structured in the actual data files that they provide for importation. The data files that are imported, are structured entirely different from the paper/PDF forms that you see in a printout form the financial provider.
So far, no such agreement has been made, but perhaps might be in the works in some kind of background negotiations we are not aware of.
____________*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*
March 18, 2025
12:25 PM