Thanks for your reply tagteam.
My original question was:
"If a Treasury note (with coupons) is purchased on the secondary market for less than the maturity value, and held to maturity, should the difference be reported as interest in the year of maturity rather than a capital gain?"
Your response was:
"Yes, if held to maturity (not sold) the difference between the discount and par would be interest."
To be clear, you are now changing your response to agree with Mike9241 that the difference between the discount and par will be considered a capital gain and NOT interest? Is that correct?
