I have the same question. The original question was not answered as those who answered didn't understand what was on the Form 1099-INT. No. 3 has the "Annual interest paid", which is reported for income tax purposes, of course. But the true question is does the second column within No. 3 "Accrued interest reported" need to be reported and where? This is the amount that has already been reported each year for income tax purposes and so we have already paid the tax each year. We just don't know if it needs to go on the report for this 1099-INT. The bank where the bonds were cashed report the deferred interest, which of course is reported on the bank's 1099-INT. Please provide an answer that really answers the question that is being asked. Thank you.
