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Get your taxes done using TurboTax
So what is considered interest on a zero coupon muni bond? Technically, I'm not gaining interest as I bought the bond on pennies on the dollar. Are you suggesting the OID is in fact taxable and since I didnt report OID while holding the bond I am now liable for taxes on the total OID? If so, what is the benefit of a zero coupon tax free muni bond?
‎June 1, 2019
8:04 AM