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Employee
April 4, 2019
Question

OID interest calculation

  • April 4, 2019
  • 1 reply
  • 0 views

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.

    1 reply

    LudwigVan_fan
    Employee
    April 5, 2019

    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**