USA Accrued Market Discount and Accrued Interest Paid from 1099-B

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Hello! Thank you for your time and passing along your knowledge. Both are very appreciated.

My question is about Accrued Market Discount and Accrued Interest Paid on US Treasury Notes that were purchased and sold in the same year, which are reported on form 1099-B. I understand that Accrued Interest Paid is recorded as interest on the Income Statement. I've read that Accrued Market Discount is also recorded as interest on the Income Statement. Are both amounts recorded or does Accrued Market Discount include Accrued Interest Paid? Meaning if Accrued Market Discount was $500 and Accrued Interest Paid was $200. Does the $500 include the $200? If so, do I only record $500? On form 1099-B the Accrued Market Discount is larger than the Accrued Interest Paid.

I'm happy to provide any more information needed to help come up with an answer.
 

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