Why is this accrued interest paid not reported to the IRS on the actual 1099? I’m confused by the terminology. I’ve seen posts that just reference taxable, accrued interest. In my case it says taxable, accrued interest paid. Does that mean I would pay tax on it again a second time if I don’t make the adjustment? in the details for interest income on the statement. It shows not just treasury, but also corporations, Fannie Mae, and other listings. This is the first time I’ve had any of this on a statement. Thanks.
