Lakewood90712
Thinks s/he gets paid by the post
- Joined
- Jul 21, 2005
- Messages
- 2,223
Are Treasury securities striped of the periodic income still available on the secondary market and if so, do you have to pay yearly income tax on the "accretion" if that is the correct term . Or is it lump sum income when it pays out at maturity as a gain over the discounted price paid at purchase ?
Got a bunch CD maturing , thinking of treasury instead of CD's. Live in a state with high state income tax.
Got a bunch CD maturing , thinking of treasury instead of CD's. Live in a state with high state income tax.