All Things Tax

All Things Tax

Like the title says, from the filing process and tax questions to tax policy and reform, you can search and share All Things Tax here. This is the place to find answers to all your general questions that don't fall under the other categories. And just a reminder: questions about software or online filing should be posted in DIY Products.

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Trusted Pioneer
Posts: 5
Registered: ‎10-11-2017

Accrued interest on tax-exempt bonds

I purchased a tax-exempt bond during 2016 and paid for the accrued interest. On the HRBlock PC Basic tax prep software I see how to enter accrued interest for normal taxable bond purchases. However there doesn't seem to be any way to enter accrued interest for a tax-exempt bond. It is necessary to have this distinction to get the accrued interest subtracted from 1040 line 8b instead of line 8a. How is this done??