sampr01 Posted April 1, 2019 Share Posted April 1, 2019 Hi I would like to get some guidance on "how one can handle 1099-OID and issuer filed for BK after acquisition. Thanks in adavance Thanks Link to comment Share on other sites More sharing options...
aws Posted April 2, 2019 Share Posted April 2, 2019 OID increases your basis in the bond, so if you were to sell you could claim a loss for the OID previously claimed in income and whatever loss you have on the original cost. Not sure if that's what you are asking about, so perhaps you could be more specific. Link to comment Share on other sites More sharing options...
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now