Correct...
if you have some other Non-US Govt taxable bonds (or brokerage CDs) that produced interest in box 1....and no box 8$$
Then that's two separate 1099-INT forms from that brokerage.
1) Then any box1 & 11 $$ need to be on their own 1099-INT before reporting the accrued interest related to those $$.
2) Then any box 3 & 12 $$ need to be on their own 1099-INT before reporting the accrued interest related to those $$.
_________
Some year, TTX may get smart and supply 3 separate lines for reporting "Accrued Interest" paid to a seller, specifically for the box 1, 3, and 8 values...but so far, they haven't done so.
____________*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*
