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Get your taxes done using TurboTax
are you referring to "Accrued Market Discount" in Box 1f on your 1099-B, for example on a discounted Treasury Note or Muni? This is taxable as ordinary income and will transfer to your Schedule B. Even on a Muni if you purchase it at a discount greater than the "deminus" amount (0.25% per year til maturity) this AMD is taxable not tax-exempt.
‎February 27, 2025
4:47 AM