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Level 3
February 25, 2025
Question

market discount

  • February 25, 2025
  • 1 reply
  • 3 views

Does anyone know where to enter Market Discount  off 1099B i see an accrued market disount adjustment but lowers the gain so not sure if that is right. Thanks for any advice you can give me.

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    1 reply

    Level 5
    February 25, 2025

    Market discount does lower the gain on Sch D and shows it instead as interest income on Sch B. That is the correct treatment, so it sounds like you found the correct input.

    taxlady6Author
    Level 3
    February 27, 2025

    thanks!