on the wages and income page select interest > continue
enter payor and amount
check the box my form has info in other boxes
continue
on the next page check the box I need to adjust the interest reported
contiinue
on the next page enter the accrued interest paid as a positive number and use the drop-down box below to select for reason for adjustment - my accrued interest.
this will show up on schedule B where it belongs not schedule 1 line 24z
by the way, you can not deduct more in accrued interest than what you received on the related obligation, any excess goes into next year's return..
I would strongly suggest since this is a US government interest (line 3 of 1099-INT) you use a separate 1099-INT for this. the reason is Turbotax has a bad habit of prorating the accrued interest adjustment among some of the other lines on the form including line 1. This has been an issue with Turbitax for decades.
