A long term CD has had its imputed interest reported as OID for the last few years. Now it has matured, and the amount is the purchase price plus the accrued interest (which has already been taxed). The CD issuer has issued a form 1099B for the total. That is the sales price. I assume that the purchase price is the sum of the initial price plus all the taxable income reported for it, which is equal to the sales price. But what should the date be? The initial purchase price, or "various"?
- posted
15 years ago