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Turbo Tax wants me to enter amounts for Accrued Market Discount from my 1099-B, but Fidelity did not report any of these amounts. Where is this amount located?

Turbo Tax is only asking the amount for a few stocks that were sold, but it will not accept any amount.
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3 Replies

Turbo Tax wants me to enter amounts for Accrued Market Discount from my 1099-B, but Fidelity did not report any of these amounts. Where is this amount located?

You might not have this form, it isn't common. Look for a Form 1099-OID in your Fidelity statement. If find the form, enter the information, it is your taxable income. Otherwise, put 0 there. 

129036
Returning Member

Turbo Tax wants me to enter amounts for Accrued Market Discount from my 1099-B, but Fidelity did not report any of these amounts. Where is this amount located?

I have Accrued Mkt Discount on 1099-B but not in the 1099 Int and TT is not telling me were to enter the info.

 

JillS56
Expert Alumni

Turbo Tax wants me to enter amounts for Accrued Market Discount from my 1099-B, but Fidelity did not report any of these amounts. Where is this amount located?

The Accrued Market Discount t in box 1f 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.

 

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