If person claims SS at 62 and is well over the earnings limit so that she receives no payments for every month up until her FRA. Would she effectively get the exact same benefit upon recalculation as if she just waited until FRA to claim? Or is it slightly different.
I buy zero coupon tbills at Schwab and Fidelity. They always report the appreciation as nys tax exempt interest in box 3 on the 1099int just like they would if I bought a treasury that had a coupon. My question is a rep told me if I sold early there could be a taxable capital gain/loss. My question is has anyone experienced this in the tbill market or is that for longer dated bonds. And does Schwab or Fidelity figure out what % is OID and what % is capital gain? Thanks
Hi so buying actual treasuries, the interest payments are NYS tax free. If I buy a short term discounted treasury bought for 995 matures at 1k with no interest payment on secondary market do I still get tax exempt status? How does it show on a 1099 at a Fidelity or Schwab?