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Post by anitya on Jun 23, 2023 19:49:43 GMT
I have a question on Treasury notes / bonds purchased in the secondary market in 2022 which also matured in 2022. Has anybody in our forum done that?
Also, do you guys know any other forum where Treasury instrument purchases is popular?
Thanks.
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Post by gman57 on Jun 23, 2023 20:17:57 GMT
No, but I've bought them in 2023 that mature in 2023. Is this a 2022 tax question?
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Post by Capital on Jun 23, 2023 20:54:46 GMT
anitya , I bought some Treasuries in 2022 that matured in 2022. I only bought T-bills that pay face value at maturity and are purchased at a discount. Currently that is the method I prefer for investing my bond sleeve - well that not left in a Money Market. I prefer the secondary market because I know the rate I'm getting upfront and can invest the funds the next trading day after purchase. I was buying 3-month maturities and the highest rates on Treasuries I could find at that time were T-bills.
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Post by stripermannh on Jun 23, 2023 21:05:33 GMT
I have laddered 6 month Treasuries purchased through Vanguard. on the secondary market and directly from the treasury.
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bruno
Lieutenant
Posts: 57
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Post by bruno on Jun 23, 2023 22:27:21 GMT
Tbills have running threads @ ER and Fido forums. They discuss at the auction and secondary purchases. I have a 6 month ladder of 26 week Tbills and have bought a couple notes / bonds at Fido. At Fido several of the old timers are posting updates on GOOD deals. I bought a note yesterday when a Tbill matured. It was an older note with a couple of years left on it. I bought Ares Cap. note, investment grade, discussed ares in past, 7.27% yield, make whole call, matures 7/15/25. Cusip 04010LAY9 www.early-retirement.org/forums/f28/treasury-bills-notes-and-bonds-discussion-115186.html |
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Post by anitya on Jun 24, 2023 3:04:11 GMT
anitya , gman57 , Capital , stripermannh , bruno , Thanks for replying. gman57 astutely guessed I have a tax question on a market discount Treasury note / bond (basically, you paid far less than par (100)) that matured and you have already received a Form 1099 INT for the year of maturity. On which line did the brokerage report the market discount interest paid to you on maturity? This question does not apply to Treasury bills even if you bought when the YTM is higher than that when issued. bruno , Thanks for the forums’ info. I will check them out. You may already know this, because you are buying more than Treasuries, should you venture into Muni bonds, the market discount on Muni bonds is taxable interest. Only the coupon is tax-exempt. That must distort new issue vs secondary market for old issues. On that theme, it will be interesting to see how much of Muni OEFs distributions are taxable interest, unless they are buying only newly issued Muni bonds. I personally buy only funds in Muni space - currently own zero.
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Post by fritzo489 on Jun 24, 2023 3:24:38 GMT
anitya, you may want to check out this link to MFO , some good links to t-bill taxing. |
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