Question
Form 1041 Where do we enter ACCRUED INTEREST PAID on bond interest income?
ACCRUE INTEREST PAID: Form 1041. Has this been resolved?
I could not find where in the Form 1041 software to enter accrued interest purchased on US TREASURY bonds for which interest was received (on Form 1099-INT). Others have had this issue but I see no solution five years after the first post about it (in 2021). Clearly, a negative number does not work as a separate line item. Also, those who have had this problem know that we are to report the 1099-INT amount and the subtraction is to be a separate line item (See IRS instructions). Please let me know since clicking around in the software has been a fruitless attempt to locate the answer myself. Thank you.
