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Get your taxes done using TurboTax
Part 2:
I bought and then sold a treasury bond with both transactions in 2023 with no coupons paid to me. If accrued interest paid at purchase was $1000 and accrued interest received at sale was $1,600, I presume I can apply the interest paid offset on the 2023 return with net taxable interest of $600 for this security even though no coupon was ever paid to me.
Right?
‎February 10, 2024
9:53 AM