You can enter the accrued interest adjustment in the 1099-INT section of TurboTax. Follow these steps to make an adjustment for the accrued interest paid on your taxable bonds: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 accrued interest paid in the Adjustment boxSelect the Reason for Adjustment as My accrued interest is included in this Form 1099-INT

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estheralma

Question

Where do i enter accrued interest on taxable bond purchases from a 1099

Forum|Forum|6 years ago
June 7, 2019
1 reply
0 views

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TurboTax Premier Online

CarolC

Employee

You can enter the accrued interest adjustment in the 1099-INT section of TurboTax.

Follow these steps to make an adjustment for the accrued interest paid on your taxable bonds:

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 accrued interest paid in the Adjustment box
Select the Reason for Adjustment as My accrued interest is included in this Form 1099-INT

taxeddave

There must be a bug related to the adjustment entry box where we are supposed to enter accrued interest. I can NOT get the box to accept any entry! I'm using T-TAX Premier, currently at version 2019.r14.032, build date: Feb 6, 2020 at 5:18:21 PM.

Thanks, Dave