Not for that situation
You need to keep track of them separately (I use a spreadsheet).
For the bond that pays something that year, you can enter the accrued interest for that one.
(Ignoring Amortized Premium)
Two 10k muni bonds bought in 2023...both pay $200 semiannualy....$400 each/full yr
Muni Bond A): You bought in Sept ($150 accrued interest) with only one interest payment ($200) made to you in Nov.
Muni Bond B) You bought in Nov with it's own $150 accrued interest, but first interest payment comes to you in Feb of 2024.
Sure, that's $300 of total accrued interest for bonds you bought, but you only claim the $150 from the one that paid interest to you,
Your 1099-INT would show only the $200 from A in box 8 , and you have, and can make an accrued interest claim for $150 of accrued interest to report on that one only..
Since you didn't get an interest from bond B in 2023, the other $150 Accrued interest claim won't be claimed by you for Muni bond B until you do 2024 taxes in 2025...and you'd be getting two x $200 payments from that bond alone in 2024 to cover that.
(plus 2 X $200 for bond A in 2024...but accrued interest is gone for that one... amortized premium may remain until first call date)
____________*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*
