Hi all. There is a section in a tax information statement (1099-B, 1099-INT, 1099-DIV) that is called "securities purchased with accrued interest paid." Is that accounted for in the 1099-INT portion of the statement? Thanks,
Look at the detail of the interest income. Bonds pay twice a year. Do the math and see if the interest income has been adjusted. If not, adjust manually.
