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- HOW TO REPORT ACCRUED MARKET DISCOUNT ON BONDS
HOW TO REPORT ACCRUED MARKET DISCOUNT ON BONDS
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1 Comment 1
Karen_pdx
Level 4
4 weeks ago
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On Screen 17.2 Dispositions, input the sale proceeds & cost as per the 1099-B, then scroll down to the Section titled Schedule D and input the market discount noted on the 1099-B in the box labeled "Accrued market discount adjustment." This will reduce the gain on Sch D and transfer that amount to Sch B as interest income.
