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Level 5
March 22, 2025
Question

INTEREST SHORTFALL ON CONTINGENT PAYMENT DEBT

  • March 22, 2025
  • 1 reply
  • 11 views

Where do I enter an "Interest shortfall on contingent payment debt"?

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1 reply

Intuit Community Champion
March 22, 2025

Are you talking about a 1099B with bond sales?

 

Shirley79Author
Level 5
March 22, 2025

It is on an Ameriprise tax Information statement in the Interest Income section.  Says it is not reported to IRS and is for reference only.

There was also a non treasury OID listed for a smaller amount, but don't know if that relates.

 

Thank you for replying.