How to enter 1099-B online

[jman3]

I bought some bonds that matured and I received a 1099-B as follows (amounts simplified):

1d Long Term Proceeds: 1000

1e Cost Basis: 950

1f Accrued Market Discount: 50

TurboTax allows me to type in 1d and 1e. What do I do with the amount in box 1f Accrued Market Discount? There is an option to check if "need to adjust my total cost basis." Is that where this info would go?

If so, it lets me type "Total adjustments to gain [or loss]" and an adjustment code[s] to select. Do I put in "50" or "-50" in this box? And would I select the code "D [accrued market discount]" only and/or any others? Just wanted to make sure this is right since this code D option matches the title in box 1f.

I received the interest earned from the bonds in a 1099-INT, and I did not sell my bonds early, so I am not sure why I received this form or what the market discount even means. But since I received the form I wanted to include it correctly. Thanks!

[JohnB5677 · Accepted solution]

The amount in box 1f Accrued Market Discount can be entered by checking the box  I have more info to enter that I don’t see here that is just below the box for Cost or other basis. Do not make an adjustment to the cost basis.

You should post the 1099-INT exactly as you see it.  There were two separate transactions that occurred.

• Interest was received, and
• The bond was cashed in with a profit or loss