peterhawaii
Level 3
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I do no understand what is in community about accrued market discount.

On Form 1099 B:    Sales, Basis and Accrued market discount given.

I read with accrued market discount you report accrued market discount as interest income and reduce capital gain.  In the cost basis section I take the basis reported and add the accrued market discount.

If I do this, then I am not double reporting the accrued market discount.

Am I correct in what I doing.

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