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LPresent
Returning Member

Accrued Taxable Interest Paid

I have on a 1099_int from a broker, "Taxable Accrued Interest Paid" in the "information section" that is not reported to the IRS.  How do I account for this amount on my tax return.  I have interest income in Box 1 of the 1099- INT

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1 Reply
AliciaP1
Expert Alumni

Accrued Taxable Interest Paid

You do not report the Accrued Interest Paid separately.  It's in the information section because it's merely for your information and you have reported everything you need when you enter the box information.  You post that you have Box 1 from a 1099-INT and that is what you need to enter into TurboTax.

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