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OID Interest
I had a CD linked to the performance of International Equity Indices (SP 500, Euro Stoxx and FTSE 100) that matured in 2019. The 1099's through out the years reported OID interest that I reported as interest income every year. This CD ended up making money and the 1099 that I received reported this as a capital gain. However, none of the oid interest was deducted from the gain. Is this correct?
‎April 5, 2020
9:48 AM