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Accrued Market Discount and Accrued Interest in a Single Treasury Note Purchase Transaction
In 2024, I purchased Treasury notes with a maturity date in 2027. I paid accrued interest and received an accrued market discount. My 2024 1099 form does not include either the accrued market discount or the accrued interest. However, my broker provided a separate tax reporting statement titled 'Distributions and Charges,' which mentions the accrued interest. Should I report the accrued market discount and accrued interest on my tax return in the purchase year (2024) or the maturity year (2027)?
‎April 3, 2025
1:52 PM