OID interest calculation

Is there a method to figure OID interest on strip treasury bonds when the cost basis is unknown? The bonds mature between 2023and 2028 and we have a 13 year history of OID interest payments on 1099 OID brokerage statements.

posted

I don't know the answer to your question. However here is a link to Publication 1212 from IRS. Perhaps this may help you.

https://www.irs.gov/pub/irs-pdf/p1212.pdf

**Disclaimer: Effort has been made to offer correct information; but due to the discussion forum limitations, the poster disclaims any legal responsibility for the accuracy of the poster's response**