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The nonreportable sections of your statement are provided to assist you in reviewing the details behind the summary of your investments and may be useful in preparing your tax return. These sections include details of your transactions as well as totals for each of the individual sections.
Market discount arises when the value of the debt obligation decreases after its issue date, typically because of an increase in market interest rates. Market discount is not required to be included in income currently, market discount is taken into account upon disposition of the instrument.
The IRS reporting rules require that brokers give all this information now on the 1099.