George4Tacks
Level 15
02-21-2025
04:08 PM
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Is there a 1099B showing this item sold? That accrued interest is likely accounted for in the detail for that sale.
When all else fails - READ THE INSTRUCTIONS (in this case they should be on the back of your image)
Box 3. Shows interest on U.S. Savings Bonds, Treasury bills, Treasury bonds,
and Treasury notes. This may or may not all be taxable. See Pub. 550. This
interest is exempt from state and local income taxes. This interest is not
included in box 1. See the instructions above for a taxable covered security
acquired at a premium.
Answers are easy. Questions are hard!