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Entering US bond accrued market discount
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Tara
Level 3
03-24-2024
05:00 PM
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When entering Accrued Market Discount on Form 1099-B in proseries, you enter the amount and give the adj code D. You then enter then amount on Capital g/l adj, at the bottom which then goes to Sched B appropriately.
My question is, if that accrued market discount is US interest, I want it deducted on the state return. But Proseries doesn't have a way of knowing it's US ADM.
What am I doing wrong?
Thanks!
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