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Returning Member
posted Feb 22, 2024 8:16:38 AM

What do i put for "Accrued interest sch B" to finish inputting1088-B ?

Finally figured out that the reason the information on my 1099-B was not matching what turbotax was calculating is because under "Accrued Market Discount (M)(Box 1f) & Wash Sale Loss Disallowed (D)(Box 1g)" there are 2 stock sales .07D then immediately under .73 D. I put these values into turbotax and then it wanted more information," Accrued interest sch B". What do I put there? Do I put .80?

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1 Replies
Expert Alumni
Feb 25, 2024 8:04:15 AM

If Form 1099-B includes Accrued Interest for the Market Discount or Wash Sales, you would enter the total when requested. However, accrued interest should have been reported on Form 1099-INT and not on 1099-B. You would most likely leave the box blank or enter zero.