Enter your accrued interest paid in the same area that you reported your interest. Follow these steps:Select Federal TaxesUnder Wages & Income select Interest on 1099-INTEnter your 1099-INT information, select ContinueSelect I need to adjust the taxable amount, select ContinueEnter the state that pays your tax-exempt interest, select ContinueEnter the amount of your accrued interest paid as a positive numberSelect the Reason for Adjustment: My accrued interest is included in this Form 1099-INT

Question

My Fidelity tax statement lists Accrued Interest Paid on Purchases. Can I report that in the OID section where it says "I need to adjust these amounts?"

Forum|Forum|7 years ago
June 1, 2019
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TurboTax Premier Mac

C

CarolC

Employee

Enter your accrued interest paid in the same area that you reported your interest. Follow these steps:

Select Federal Taxes
Under Wages & Income select Interest on 1099-INT
Enter your 1099-INT information, select Continue
Select I need to adjust the taxable amount, select Continue
Enter the state that pays your tax-exempt interest, select Continue
Enter the amount of your accrued interest paid as a positive number
Select the Reason for Adjustment: My accrued interest is included in this Form 1099-INT