Box 3 on Form 1099-int is for Interest on U.S. Savings Bonds and Treasury Obligations. The instructions for Form 1099-INT state to enter interest on U.S. Savings Bonds, Treasury bills, Treasury notes, and Treasury bonds.
Box 5 is for For single-class REMICs only, see Box 5. Investment Expenses under Rules for REMICs, FASITs, and Issuers of CDOs. This amount is not deductible.
Click here for Instructions for Forms 1099-INT and 1099-OID (01/2024)
The accrued interest is taxable to the seller, whereas the interest that is earned from the date of purchase to the end of the year is taxable to the purchaser.
It sounds like you are issuing a Form 1099-INT, but I am not sure. You state you want to "follow the advice above", but it is not there to refer to. If this does not help, please come back to Community and provide some additional information so we may better help you.
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