Thanks so much for confirming my understanding. I agree something has been wrong.
I paid $12.0 for the cd and received $12.0 at maturity with the 1099-OID amounts totaling $0.9 over the life of the cd, and no interest payments during the term.
TIAA is closed now, but I'll call Monday. When I spoke to them before, I recall they stonewalled me. No manager was available. It's called a WorldCurrency Marketsafe CD. So my loss on the CD would be the tax on the OID, maybe $0.3. Which is a sunk cost.
