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Get your taxes done using TurboTax
The amount in box 1f Accrued Market Discount can be entered by checking the box I have more info to enter that I don’t see here that is just below the box for Cost or other basis. Do not make an adjustment to the cost basis.
You should post the 1099-INT exactly as you see it. There were two separate transactions that occurred.
- Interest was received, and
- The bond was cashed in with a profit or loss
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February 28, 2021
7:25 AM
1,071 Views