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Another complication is that on the same tax exempt bond, I filled in the OID Discount of $325 as additional income on my state tax return 2018. But nothing on market discount accretion of 33.00.
The following year Tax 2019, I made no additions.
So is there any way of getting credit for the 325 I wrote in as addition income in 2018?
So this Tax year 2020, I don't know how to straighten it out. I am inclined now to let it go until the bond matures, but even so I would like to get credit for the OID $325 I paid as additional income in my tax yr 2018 state return.
March 18, 2021
12:20 PM