- Jurisdiction
- Pennsylvania
I reported interest from a CD in 2021. That was accrued interest which was not distributed to me. In 2022 I cashed the CD before maturity and forfeited the 2021 accrued interest. I asked my bank for a corrected 2021 1099-int but they said they will only give me a 2022 1099- int. Not sure if this will show what happened in 2021 or if it will satisfy IRS.
Then I did some research and it looks like I have to report forfeited interest as an adjustment to income. I can see how that would work in current year but how could I use that to amend my 2021 return. Can someone give me some guidance? Thank you.
Then I did some research and it looks like I have to report forfeited interest as an adjustment to income. I can see how that would work in current year but how could I use that to amend my 2021 return. Can someone give me some guidance? Thank you.