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wyatt6
New Member

Can you tell me where to find Accrued Interest on Form 1099-B?

1099-B Worksheet is asking for Accrued Interest. Where is that on the Form 1099-B??
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2 Replies
JohnB5677
Expert Alumni

Can you tell me where to find Accrued Interest on Form 1099-B?

I'm not aware of a specific box number to post accrued interest on schedule B.  But the instructions below do reference the 1099-INT

 

When you buy bonds between interest payment dates and pay accrued interest to the seller, this interest is taxable to the seller. If you received a Form 1099 for interest as a purchaser of a bond with accrued interest, follow the rules earlier under Nominees to see how to report the accrued interest. But identify the amount to be subtracted as "Accrued Interest."

 

Nominees.

If you received a Form 1099-INT that includes interest you received as a nominee (that is, in your name, but the interest actually belongs to someone else), report the total on line 1.

2021 Instructions for Schedule B (2021)

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Can you tell me where to find Accrued Interest on Form 1099-B?

@wyatt6 

 

your accrued market discount is 1099-B box 1f.

If there is an amount there, that is your interest, not someone else's interest.

you can't nominee away your own interest.

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