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Other Income
Isabella G,
Thanks for responding!! The income comes from notes (example-Barclays Bank PLC MTN 6.9% that pay monthly coupon
payments. Coupon payments continue to be paid monthly or annually (depending upon the note) as long as the S&P does not
drop 20% from what the S&P was when you bought the instrument. These payments used to show as interest income on the brokerage 1099, but now they show as other income on the 1099. Should I be showing this income as something other than
"other"?
Thanks,
Jimbo
March 5, 2019
9:04 AM