@DianeW777
I was wondering if the premium paid should have been amortized over the life of the CD..
I'm hardly one to know for CDs purchased in the market...but this post suggests a YES...maybe should have been amortized and with updated basis, there is zero gain/loss at maturity?
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TMF: Re: secondary CDs / Tax Strategies (fool.com)
____________*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*
