I had "accrued interest paid" on my 2019 1099B. I didn't use the amount to reduce my interest income as the 1099B says it was not reported to IRS. Now that the bonds matured in 2020, I realized the interest/dividends reported on 1099B was more than I actually received in my account and after calling my financial institution, I learned it was because of the accrued interest I paid, which was not accounted for in my cost basis either. Can I add the accrued interest paid to my cost basis on my 2020 return? If so, where do I enter it? Otherwise I'll be paying taxes on income that I did not receive! Don't understand why the accrued interest did not reduce my interest income in 2019 or increase my cost basis in 2020. Totally does not make sense!
