Question
taxable accrued interest paid
Received a 1099 comp statement, below the 1099-int section is a section that says “the following amounts are not reported to the IRS. They are presented here for your reference when preparing your tax return”
There is an amount of $7,000 listed as taxable accrued interest paid
Is this reported as a deduction from interest income line 1 of the 1099-INT
