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Maryjanekearns
February 24, 2025
Question

I have a sale of a municipal bond with an accrued market discount adjustment in box 1f on the 1099-B. How do I tell turbo tax the interest adjustment is tax exempt?

  • February 24, 2025
  • 1 reply
  • 0 views
Turbo tax is reporting the adjustment as taxable interest and I think it should be considered tax exempt.

    1 reply

    DaveF1006
    DaveF1006
    March 5, 2025

    The accrued market discount is taxable income and not tax exempt. Please read this link written by Mike9241.

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