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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I will page @Mike9241. Check back later.
in the adjustment column code D
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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