Jimbo
Returning Member

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