Clarification on adjusted/ cost basis and taxation of 0-Coupon Muni's
If a bond at issue has a reoffering yield of 6.32% but If the actual yield is at 6.05% when you purchase, then you are below the cost basis needed to be taxed?
If a bond at issue has a reoffering yield of 6.32% but If the actual yield is at 6.05% when you purchase, then you are below the cost basis needed to be taxed?
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Hey ASC_842, I think you deserve a response...heck, everyone does. We're listening, sorry about the delay ...my best guess at places on WSO that could help:
If those topics were completely useless, don't blame me, blame my programmers...
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