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October 10, 2024
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Got Etrade/MS 1099-B with accrued market discount. Used the summary reporting method to enter investment sales. Where do I enter these Accrued market discount values in TT ?

  • October 10, 2024
  • 1 reply
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TT users/experts,

 

I got an Etrade/Morgan Stanley 1099-B with accrued market discount (box 1f

)  with multiple bonds maturing.

I used the summary reporting method to enter investment sales in turbo tax i.e Short Term (box A/B) and Long Term (box D/E)

 

In Turbo Tax, should I enter the accrued market discount total to the Total adjustment to gain(or loss ) box under the "I need to adjust my total cost basis" box with D (accrued market discount) box checked.

 

If not, how do enter the accrued market discount in the Interest on 1099-INT under the Interest and Dividend section of TT  (The 1099-INT sent by Etrade/MS does not have the values for accrued market discount)

 

Thanks a lot, in advance.

    Best answer by Mike9241

    in the adjustment column code D

     

    1 reply

    Employee
    October 10, 2024
    No text available
    Mike9241Answer
    October 10, 2024

    in the adjustment column code D

     

    vickapAuthor
    October 10, 2024

    However I still have wash sale disallowed too which I need to enter.

     

    Shall I add the accrued market discount to the wash sale disallowed and enter that value to the total adjustment to gain (or loss) box and check boxes for non-deductible loss from wash sale (W) and accrued market discount (D)?

     

    Thanks.