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Accrued interest paid on purchases of treasuries
I purchased several secondary market treasuries in 2023 from Fidelity that I held to maturity. On the 2023 Tax Reporting statement from Fidelity I notice that there is supplemental information that has an entry - "Accrued Interest Paid on Purchases" with a dollar amount listed.
I use TurboTax Online to do my taxes and I had my Fidelity 1099s imported. Do I need to make any adjustments based on this accrued interest or does TurboTax do it for me?
‎February 17, 2024
10:38 AM