307492
We have a 30-year US Treas SEC Stripped INT PMT 0.0% that matured this year. There are no records from when it was purchased back in 1992. How do I determine the cost basis and gain/loss?
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If you hold a Strip until it matures, the cost basis and maturity value should be the same. The formula for calculating cost basis is the amount you paid originally plus the interest on which you paid tax every year. Adding those together gives you the maturity value the same as your original purchase price.
If you hold a Strip until it matures, the cost basis and maturity value should be the same. The formula for calculating cost basis is the amount you paid originally plus the interest on which you paid tax every year. Adding those together gives you the maturity value the same as your original purchase price.
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