JohnB5677
Expert Alumni

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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