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Get your taxes done using TurboTax
I must not be communicating clearly, because my question isn't getting answered, so let's start over: My original question was where do you put the “Accrued Interest Paid on Purchases” amount into your program? By way of explanation: When you buy a Treasury Bond on the secondary market the “Accrued Interest Paid on Purchases” represents the interest that had already built up before you bought the bond—money you essentially "pre-paid" to the seller. You must report the total interest received from the treasury bond issuer (which includes that "extra" amount you paid the seller), but you then subtract the "Accrued Interest Paid" on Schedule B. This ensures you only pay taxes on the interest that actually belongs to you. So... Does Turbotax have a box where I can put that number so that it gets added and subtracted from the right schedules?