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Accrued intrest paid - no 1099 INT issued

Hi -

 

I bought bonds in October 2024  and paid $4k in accrued interest.  Coupon payment in Feb 2025.

Fidelity did not issue me a 1099-INT, as I had no interest recieved from them. (Div yes, INT no)

I cant adjust a 1099 that I didn't recieve.

How do I enter this ?

 

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1 Reply
LeticiaF1
Employee Tax Expert

Accrued intrest paid - no 1099 INT issued

Generally, interest is taxable income in the year it becomes available to you.  If the interest won't be paid out until Feb 2025, then it isn't taxable in 2024.  You won't report this until 2025.  

 

Topic no. 403, Interest received

Guide to Investment Bonds and Taxes

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