Thanks, Mgfro…. you are correct that this is a secondary market bond, purchased at a discount to par and reported on a 1099B. The market discount is correctly handled by TurboTax on the federal return, including it in. taxable interest income.
As a federal govt instrument, this amount should be deducted from the Oregon income via code 315 on Form ASC. 1099INT interest is handled correctly by TT through the special situations screen JohnW refers to in a prior post. But there is no such screen for the 1099B income. So I need to adjust the Oregon ASC in some other way. That’s what I can’t figure out. I am still trying to use TT online, not the desktop version. Maybe I need to switch to desktop and mail rather than efile like the original poster back in 2020.
