Hello,
I have 1099b reporting on Treasury bond bought in secondary market.
I bought $50,000 (maturing in Oct 2024) worth at discount 1500 at 48,500 (1500 discount) on Dec 2023, and I waited for maturity and got Interest of 700(reported in 1099 INT) till that time and full redemption of 50,000 came in October 2024.
My 1099b reports
1d proceeds as 50,000, 1e cost basic as 48,500 and 1f accrued market discount of 1500 and gain as 1500
Turbotax has imported this 1099b form and has all these info correctly but gain is 0.
I am not sure why and if it’s correct or if I have to adjust anything? Please help.
