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Level 7
December 3, 2024
Solved

Discounted US Treasury bonds - will they be reported on both Sch B and D?

  • December 3, 2024
  • 1 reply
  • 13 views

Elderly client has a capital gains loss that will outlive him. He wants to buy discounted US Treasuries. Will they report the discounted part as a Sch D gain that will whittle down his carryover loss?

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Best answer by Norman2001

OIDs pay interest, Sch B

1 reply

Level 6
December 3, 2024

OIDs pay interest, Sch B