sjrcpa
Level 15
04-05-2023
04:14 PM
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The bond premium paid at purchase gets amortized over the term of the bond, or call date if earlier. It reduces interest income from the bond. It is likely the brokerage has supplied this info every year in the 1099 package. They are saying it has been fully amortized at the time of the redemption.
Sounds like your bond was a 10 year bond redeemed in 2022. No gain or loss on redemption.
And, for $215 I would not worry about it at all.
The more I know the more I don’t know.