My client purchased a US Treasury and the interest from it was $40K in 2022, and he also has an accrued interest paid in $26K. He did not claim the accrued interest paid of $26K in 2022. Can he claim the $26K accrued interest paid in 2023 while he received another 50K of interest from the same bond?
You cannot use TurboTax to prepare tax returns for clients. TurboTax is only for do-it-yourself consumer use and cannot be used by paid preparers. Intuit (the company that makes TurboTax) has three tax software product lines for professional preparers: ProSeries, Lacerte, and ProConnect. You can find information about all three product lines at the following link.
Professional tax software for preparers
Then you are using the wrong forum. contact a Lacerte agent.
@Kelly107 wrote:I am using Lacerte, not Turbo Tax
I see you have now posted your question in the Lacerte tax forum. A lot of tax pros use that forum, so you should be able to get help there. Good luck.