r/tax•
hybrid889

1099 Etrade and import to turbo tax pre paid interest reported?

I've imported my 1099-INT and 1099-OID

My understanding of the 1099-OID is, on treasury bonds I bought and had an accrued interesting while holding them, and sold them before maturity - is what should show up here, correct?

On the 1099-INT, I see the amount of interest calculated, what I'm unclear on is, many of these bonds I pre paid interest on eg, I bought several months after the last Coupon, and pre paid interest to someone else. I'd assume this would be reflected in my cost basis as to not be double taxed, but I cannot find\verify that.

Anyone have experience with etrade and turbotax to know if by just importing this is being done properly, or am I magically supposed to be able the pre paid interest on each bond I bought?

First year with long treasury bonds, please go easy and thank you so much for your time to respond. <3

Posted Mar 12, 2025, 8:05 PM UTC

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