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Get your taxes done using TurboTax
the discount on the Treasury Note that you get paid at maturity as "Accrued Market Discount" is taxed as ordinary income; it will show as a gain on your 1099-B with an adjustment in Box 1f for that amount, which zeros out the gain/loss, and you should see this amount being flipped over to your Schedule B as ordinary income.
March 5, 2025
3:41 PM