Permalink Submitted by mk foss on Wed, 2009-04-29 17:09
If you buy municipal bonds at a premium and hold them to maturity you do not have a loss. If you buy municipal bonds at a premium and they are sold or called before maturity, you could have a partial loss but the premium must be amortized from the purchase date to the sale date.
You should post this question on a tax forum instead of an IRA forum.
Permalink Submitted by mk foss on Wed, 2009-04-29 17:09
If you buy municipal bonds at a premium and hold them to maturity you do not have a loss. If you buy municipal bonds at a premium and they are sold or called before maturity, you could have a partial loss but the premium must be amortized from the purchase date to the sale date.
You should post this question on a tax forum instead of an IRA forum.