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Got Etrade/MS 1099-B with accrued market discount. Used the summary reporting method to enter investment sales. Where do I enter these Accrued market discount values in TT ?

TT users/experts,

 

I got an Etrade/Morgan Stanley 1099-B with accrued market discount (box 1f

)  with multiple bonds maturing.

I used the summary reporting method to enter investment sales in turbo tax i.e Short Term (box A/B) and Long Term (box D/E)

 

In Turbo Tax, should I enter the accrued market discount total to the Total adjustment to gain(or loss ) box under the "I need to adjust my total cost basis" box with D (accrued market discount) box checked.

 

If not, how do enter the accrued market discount in the Interest on 1099-INT under the Interest and Dividend section of TT  (The 1099-INT sent by Etrade/MS does not have the values for accrued market discount)

 

Thanks a lot, in advance.

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Accepted Solutions

Got Etrade/MS 1099-B with accrued market discount. Used the summary reporting method to enter investment sales. Where do I enter these Accrued market discount values in TT ?

in the adjustment column code D

 

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3 Replies

Got Etrade/MS 1099-B with accrued market discount. Used the summary reporting method to enter investment sales. Where do I enter these Accrued market discount values in TT ?

I will page @Mike9241. Check back later.

Got Etrade/MS 1099-B with accrued market discount. Used the summary reporting method to enter investment sales. Where do I enter these Accrued market discount values in TT ?

in the adjustment column code D

 

Got Etrade/MS 1099-B with accrued market discount. Used the summary reporting method to enter investment sales. Where do I enter these Accrued market discount values in TT ?

However I still have wash sale disallowed too which I need to enter.

 

Shall I add the accrued market discount to the wash sale disallowed and enter that value to the total adjustment to gain (or loss) box and check boxes for non-deductible loss from wash sale (W) and accrued market discount (D)?

 

Thanks.

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