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Hi DianeW, your information is super helpful! Here, I just want to make sure that I understand it correctly for my circumstance.

I bought a market-linked CD. And for the past five years, I reported (let's say) $200 in my 1099-OID.

In 2021, the CD matured and my 1099-B reported that I have a ordinary gain of $2000. In my 1099-INT, the only non-zero number is interest shortfall on contingent payment debt of $1000 (to my understanding, the total of my OID reported during the past five years).

Based on your comment, I should adjust my cost basis by + 5*$200 = $1000, and only report $2000-$1000 = $1000 as my gain in 2021 shown in the attached figure.  Does this sound correct?

Thanks so much!