JenG
Level 1
yesterday
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Has anyone else had this?
Schedule D, with a ST transaction that has an accrued market discount, the system is putting the correct number on column h line 1b, but line 7 is not including the market discount in the calculation. So I have -24,000 on line 1b, but line 7 is showing -20,000
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sjrcpa
Level 15
yesterday
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Sounds correct. The market discount should be interest income on Sch B.
The more I know the more I don’t know.
JenG
Level 1
yesterday
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Well, yes - the market discount is going to Sch B, but the total on Sch D is incorrect. Only in ST, it looks like LT is accurate.
