tnyc1
Returning Member

accrued interest paid on bonds

Turbotax allows you to make an adjustment to your interest income to account for accrued interest paid on bond purchases.   HOWEVER, it applies that adjustment to all bond purchases, pro-rata among different classes of bonds (corporates, treasuries, muni's).   This is despite the fact that the accrued interest paid wasn't necessarily evenly spread among all bond classes.   Turbotax really needs to add a feature which would allow that accrued interest paid upon purchases to be allocated to the specific bond classes that the accrued interest was paid.   How about it?