Tried this on the tax board and received no answer, so, I thought to attempt to ask it here.I am merely asking a favor of someone with knowledge. Until 2009 I had been a bond fund clone, but last year purchased some secondary individual bonds. I understand accrued interest, and how one deals with it on Schedule B. The IRS site explains the procedure quite well, but does not address the following issue: while I think I wait until next year's tax return to subtract the accrued interest I have paid on bonds on which I did not receive interest in 2009, I am not certain; I did pay the money in 2009, and my 1099-INT lists an accrued interest total. It's logical both ways, and in the end makes no quantitative difference, but I want to do this correctly. Thanks in advance, just for reading.