I am fairly sure this has been answered upthread but don't want to read through 25 pages...
Fidelity's YTD tax activity page is showing some LTCG on maturing Treasuries in my wife's taxable account. These LTCG are mostly coming from zero coupon or low yielding Treasuries that were held to maturity. Come tax time will these gains actually be treated as capital gains or as interest income? In other words, will Fidelity included them on form 1099-INT or form 1099-B?
Just trying to figure out if going forward she should be buying T-Notes on the secondary market that mature in just over a year as LTCG generally get more favorable tax treatment.
Fidelity's YTD tax activity page is showing some LTCG on maturing Treasuries in my wife's taxable account. These LTCG are mostly coming from zero coupon or low yielding Treasuries that were held to maturity. Come tax time will these gains actually be treated as capital gains or as interest income? In other words, will Fidelity included them on form 1099-INT or form 1099-B?
Just trying to figure out if going forward she should be buying T-Notes on the secondary market that mature in just over a year as LTCG generally get more favorable tax treatment.
Statistics: Posted by AlmstRtrd — Wed Dec 25, 2024 12:46 pm — Replies 1208 — Views 206298