Interest income

[briandsmith]

TT has input an item under interest income that I do not recognize! By that I mean it showed up in Schedule B after I had imported my data, and I cannot see it in the paperwork I have received. TT has a "data source" feature, and it lists about 5 potential tables to check. I do not have any of them specifically.

The item does not show up in the list of forms, as do the other Schedule B items. A closer look as I write this shows it to be a UST Note. There is a long list of numbers and the words "Accrued Market Discount". 

I guess that gives me a clue for further searching but does anyone have a suggestion? Interest on US Savings bonds is usually printed on the relevant 1099-INT.

[JamesG1]

Accrued market discount may be found in box 1f of an IRS form 1099-B.

Review your IRS form 1099-B entries.  To view box 1f, you may have to click the box I have other boxes on my 1099-B to enter.

The explanation note in TurboTax states:

Usually, if accrued market discount is reported on your Form 1099-B, you should enter it here and we will include this amount as accrued interest on your Schedule B.

[briandsmith]

Thank you for a prompt reply.

I have quickly reviewed my 1090- B's and do not see anything. I'll go through later to be sure.

I have not tried clicking on the box 1f. I'll have to log into the bankers to do that More later, probably tomorrow!