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Get your taxes done using TurboTax
You can elect to amortize the premium on the bond or not at the time of purchase. If you choose not to amortize it you are responsible for tracking the bond premiums to use at the time of sale. Also, you can't go back and forth. Either you amortize it or you don't.
Bond premiums for non-taxable interest must be amortized.
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March 25, 2025
1:42 PM
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