Can I calculate entry in box 20 of form T5008 for a strip bond by summing its purchase price and the total of the interest on which I paid tax since its purchase?
01950
1 Best answer
TurboTax-Terry
New Member
Oct 30, 2019 12:36:58 PM
The ACB of the strip bond would be the original discount price plus previously earned income. The amount should eventually equal the Face Value of the Bond unless it was sold prior to maturity.
1 Replies
TurboTax-Terry
New Member
Oct 30, 2019 12:36:58 PM
The ACB of the strip bond would be the original discount price plus previously earned income. The amount should eventually equal the Face Value of the Bond unless it was sold prior to maturity.