GodFather
Level 8
04-01-2023
01:52 PM
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First time I've seen Taxable Accrued Interest Paid on a 1099 INT. The research that I've done suggests it should be netted against Interest Income? Has anyone delt with this and how have you entered it into ProSeries?
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IRonMaN
Level 15
04-01-2023
02:17 PM
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If you click on the line on schedule B that relates to that interest, a second window opens for entering that kind of information.
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Accountant-Man
Level 13
04-01-2023
02:42 PM
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Enter "A" in the box above the several descriptions about half way down, like "N" for Nominee. Both of those are subtracted from the income.
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