Taxable Muni Accrued Int. Paid 246.44
Non-Tax Muni Accrued Int. Paid 15,364.20
Other Accrued Interest Paid 745.86
The above are my accrued interest paid, there is only option to enter the adjustment form for accrued interest.
Should I sum them all to a total and enter and accrued interest paid. Otherwise, how can I report the non-taxable accrued interest paid?
"I need to adjust the interest reported on my form."
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OK....this is for bonds you purchased and also paid accrued interest to the seller of the bonds when you bought the bonds.
__________________
For a situation where you have box 1, box 3 and box 8 $$ on the same 1099-INT (or any combination of two or three of them).......you have to create separate 1099-INT forms for each of the box 1, box 3 and box 8 $$, each s separate one As-IF issued from the same source. (I commonly have to do this for my Fidelity 1099-INT)
Then you report the accrued interest you paid...relative to those appropriate amounts on each separate 1099-INT form. You can't just total it all on the same 1099-INT.....someday, TTX may program separate accrued interest fields for each box type...but so far they haven't found a way to do so.
__________________________
CAUTION: You cannot claim the accrued interest on any bond purchased in 2025....if that bond did not also pay out interest to you or your account in 2025.
For instance...a bond you bought in Nov of 2025, that didn't pay out the next interest until (say) Feb of 2026....you cannot include that accrued interest payment until you file your 2026 taxes.
Yeah, you might need a spreadsheet for that to keep track....I have to.
_____________________
There might also be box 11, 12, and 13 values that need to go along with the respective box 1,3, and 8 amounts.
OK....this is for bonds you purchased and also paid accrued interest to the seller of the bonds when you bought the bonds.
__________________
For a situation where you have box 1, box 3 and box 8 $$ on the same 1099-INT (or any combination of two or three of them).......you have to create separate 1099-INT forms for each of the box 1, box 3 and box 8 $$, each s separate one As-IF issued from the same source. (I commonly have to do this for my Fidelity 1099-INT)
Then you report the accrued interest you paid...relative to those appropriate amounts on each separate 1099-INT form. You can't just total it all on the same 1099-INT.....someday, TTX may program separate accrued interest fields for each box type...but so far they haven't found a way to do so.
__________________________
CAUTION: You cannot claim the accrued interest on any bond purchased in 2025....if that bond did not also pay out interest to you or your account in 2025.
For instance...a bond you bought in Nov of 2025, that didn't pay out the next interest until (say) Feb of 2026....you cannot include that accrued interest payment until you file your 2026 taxes.
Yeah, you might need a spreadsheet for that to keep track....I have to.
_____________________
There might also be box 11, 12, and 13 values that need to go along with the respective box 1,3, and 8 amounts.
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