Accrued Interest Paid

[Kelly107]

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?

[rjs]

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

[Kelly107]

I am using Lacerte, not Turbo Tax

[Mike9241]

Then you are using the wrong forum. contact a Lacerte agent. 

[mesquitebean]

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@Kelly107 wrote:

I am using Lacerte, not Turbo Tax

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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.