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Tax exempt non-covered non-resident state obligations OID
I have a tax exempt non resident state bond I purchased in 2014 and is due in 2027. There is no yearly fixed income reported on my 1099. Should I pay the yearly unofficial OID that is informally reported yearly as an addition to my state tax or wait until it matures? Since it is state taxable, I do not know what to do. Will this affect the cost basis of the bond at maturity?
March 17, 2021
12:48 PM