Adujstments to 1099-int

[spichon]

My 1099-int shows interest received from US treasuries in box 3 as well as interest income in box 1. I need to adjust the interest in Box 3 for accrued interest I paid. To simplify, I was told to split the 1099 into 2 separate 1099's one for interest income in box 1 only and the other for the US treasury interest and make the adjustment on it. Is that legal to alter the original 1099?   Thanks

[MaryK4 · Accepted solution]

The 1099-INT is sent to the IRS by the issuer.  The entry is TurboTax is not transmitted to the IRS but is used to prepare your return.