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Level 2
March 16, 2020
Question

OID and cost basis for the amortization

  • March 16, 2020
  • 1 reply
  • 11 views

I purchased an inflation index treasury on the open market and now recording OID interest on my tax return. My brokerage statement does not adjust the cost basis for the OID interest amortization. Can I increase the cost basis of my treasury for the amortization?

    1 reply

    Level 15
    March 19, 2020

    What form are you referring to from your broker please?

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    jmgreenjrAuthor
    Level 2
    March 19, 2020

    The monthly brokerage statements.