Hi,
I received a 1099-Int for Bond Interest Received from inherited bonds ($7000 in interest). I entered the bond interest and then offset the entry as "Previously Reported Interest as it was all included on the final tax return for my father. So I reported the $7000, and the corresponding adjustment -7000 but now there is no Schedule B generated as the total interest income on my return is less than $1500. Isn't the IRS going to flag it as it appears I am not reporting the interest. Without the Schedule B, they have no way of knowing I did report it but also checked the box that it was previously reported. What do I do?
Thank you!
