Kelly107
Level 1
08-30-2024
12:10 AM
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Accrued Interest Paid
My client purchased a US Treasury and the interest from it was $40K in 2022, and he also has an accrued interest paid in $26K. He did not claim the accrued interest paid of $26K in 2022. Can he claim the $26K accrued interest paid in 2023 while he received another 50K of interest from the same bond?