Accrued interest adjustment in TurboTax needs fixing

[markfromAustin]

TurboTax has an issue with its 1040 tax program that should be addressed. When one imports 1099-INT forms that have both taxable and tax exempt income and then makes an adjustment for accrued interest, the program allocates the adjustment to both taxable and tax exempt income on pro rata basis. This is going to give an inaccurate result. The program should allow for the entry of separate adjustments for taxable and tax exempt accrued interest. To address the issue now, one has to have a Form 1099-INT for taxable interest with its accrued interest adjustment and one for tax exempt interest with its adjustment. However, most taxpayers would likely be unaware of the necessity to do so.

[SteamTrain]

@markfromAustin 

Correct, that's how you have to deal with it.

It would be great if the TTX software staff would include three separate selections on the follow-up page, for accrued interest paid to the seller.  One for box 1 $$ (when Corporate bonds & brokerage CDs are involved), one for box 3$$ (Treasury Bonds/Notes), one for box 8 $$ (Muni Bonds).   Then we wouldn't have to mess with it, and the software wouldn't be mis-assigning for folks who don't realize what's happening.

But I'm not sure how to get this implemented...i.e. what software manager needs to get poked to see it's a real problem (for some of us).