Question

Sale of treasuries

Forum|Forum|2 years ago
March 16, 2024
1 reply
0 views

In reviewing the 1099 (received from the broker/bank), I'm not seeing the gain on treasuries sold near the end of the calendar year (sold prior to maturity). (The funds were received prior to the end of the year.)

I do see other dividends (and "Interest on U.S. Savings Bonds & Treasury Obligations") on the 1099, but not at the amount expected from the sale. Any thoughts as to the reason for this? The gain for the entire account (for the year) is listed on the separate broker/bank statement at the end of December - which seemingly includes the gains from the treasuries that were sold.

M

Mike9241

Treasury bills?

If you sell a Treasury bill (T-bill) before its maturity, the resulting gain or loss is considered a capital gain or loss, not interest income1. Here’s how it works:

Capital Gain or Loss: If you sell the T-bill before maturity, the difference between the sale price and the purchase price (adjusted for any accrued interest) determines whether you have a capital gain or capital loss.

anything else ask the broker. the sale should be reported on a 1099-B. sometines a consolidated 1099 with 1099-B info.