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February 7, 2024
Question

2023 TurboTax Business ignoring Accrued Market discount

  • February 7, 2024
  • 1 reply
  • 0 views

I have a bond sale on a 1099B with an accrued market discount that is being ignored in 2023 Turbotax business with a 1041 trust return.  It is supposed to be subtracted from the gain on form 8959 with a D code and then reported as interest.  This works with the 2022 business edition and 2023 premier but is broken in 2023 business.  Please fix.

1 reply

CatinaT1
February 12, 2024

Many things have been corrected in the latest updates to TurboTax. Are you still experiencing this problem?

 

Make sure you have ran all updates. 

 

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If using TurboTax Desktop: Please see this FAQ.

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