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Treasury interest or Capital Gain

  • 1.  Treasury interest or Capital Gain

    Bronze Most Valuable Member
    Posted 03-18-2024 10:44 AM
    Early in  2023, client purchased a Treasury Note for $265,000 (not original issue) which matured at the end of 2023 for $275,000.  Is the $10,000 "extra" short term gain or US Treasury interest?

    Thanks,
    Jay

    Jay M. Menachem, CPA 
    300 Garden City Plaza, Suite 448     
    Garden City, New York 11530 
    Tel: 516-877-9277  Fax: 516-877-9677   
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