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Classification of gain on Tbills
Hello! Over the course of 2023 I purchased US Govt Tbills at a discount and as they matured the profit was shown as "capital gain" by TD Ameritrade HOWEVER when I received my 1099 those gains were reclassified as interest income.
What is the correct classification for the gain on Tbill's purchased at a discount (Interest income or Capital gain)?
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March 6, 2024
8:44 AM