Skip to main content
March 10, 2021
Question

We sold some bonds that were part of our investment portfolio. Do we need to report that sale seperately?

  • March 10, 2021
  • 1 reply
  • 0 views
No text available

1 reply

March 10, 2021

For corporate bonds, if you buy a bond when it is issued and hold it until maturity, you generally won't have a capital gain or loss. However, if you sell the bond before its maturity date for more than you paid for it, you'll typically have a capital gain. If you sell it for less than you paid for it, you'll usually have a capital loss.

 

After the end of the tax year, your financial institution will send you a Form 1099-B reporting any bond sales that took place during the year, if this applies.

 

Click this link for more info on Investment Bonds.

 

If you received a 1099-B to report the sale of bonds, click this link for instructions on How to Enter 1099-B