Question
1099-B reporting for US Treasury bills
A client received a 1099-B.
The form shows gross proceeds and cost for US Treasury bills.
At the top it says "Transactions we do not report to the IRS - non-reportable proceeds and cost basis information The last column header says "difference" instead of gains or loss.
I've never seen this type of reporting before. Do I report it on schedule D like usual? Or not at all? I tried searching on line but most of what came back addressed interest income and not this.
Any help would be much appreciate it. Thank you.
