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Get your taxes done using TurboTax
it might be correct and nothing to adjust and you paid the interest ready via a different 1099 so check that first at cusip level before doing anything. what sort of bond was it, what's the cusip (9 digits starting 91282 etc) ...
check for:
most likely - interest was reported already on 1099-INT Box 3 for a T-Bill? I think some brokers just report 1099-INT Box 3 and nothing on 1099-B, others show the T-Bill maturity proceeds on 1099-B
or did you have 1099-OID reporting the accretion, in which case the cost basis would have been adjusted and you paid the interest thru 1099-OID (e.g. Treasury Strips).
your brokerage statement may contain other info "not reported to the IRS" to show the cost basis adjustment.
March 25, 2025
2:59 PM