Get your taxes done using TurboTax

I figured it out and your answer was incorrect. The numbers are reported as 1099-B. the original purchase price is listed in the Treasury 1099 as well as redemption value. Both are reported to the IRS and the difference is included as income for the year. Example: I bought a $10000 note in 2023 for $9985 (made up numbers). It was redeemed in 2025. The $15 is income in 2025. Both numbers must be reported in the TurboTax section on 1099-B