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Investors & landlords
a flaw in TurboTax that has existed for decades.
the only workaround is to create a 1099-INT for the payor for each type.
thus the type of interest and accrued interest adjustment will be the only numbers on that form
also, accrued interest on bonds is only deductible to the extent interest was received on that bond. The balance carries river to next year to offset the interest received
‎February 23, 2024
9:39 AM