Bonds: distribution and tax questions

Account review

A bond holding can have a stated maturity and may also be sold before maturity, but the available price and transaction process depend on the security and account.

Identify whether you are selling or waiting for maturity

Ask the broker or holder about the current holding, estimated proceeds, market process, maturity date, and any restrictions before treating the face amount as available cash.

Review the bond transaction record

Keep the holding details, trade or redemption confirmation, accrued-interest information where applicable, and later tax record with the account file.