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Schedule 1 Line 24z
Been using TurboTax for 35+ years. Small problems occasionally occurred ,but overall ok. Now comes 24z.
In 2024, I bought Treasury notes on auction. Several charged normal for the note, but then added an "accrued Interest payment", since it was a re-issue note from the prior month. Brokerage 1099 reflects full interest income as paid as taxable. Where is Schedule 1 line 24z? Not available in TT. Why? Where do they expect me to repot the prepaid interest as not taxable to me? Interest income as a negative? That works, but will, no doubt raise the ire of IRS!
OK TurboTax, you claim 100% accuracy, Why block us out of 24z?
March 4, 2025
8:58 AM