I get the accrued interest is reportable yearly on a federally tax free, state not tax free coupon bond. I will do this for this tax year.
What I cannot figure out is whether and where the OID of $300 (which increases a bit each year) which is reported yearly (informally since this is a non covered bond) and is presumably state taxed yearly or whether I can wait until maturity to see its penalty tax wise. There are no boxes on this non covered bond. I would really prefer to wait until maturity for the tax penalty. The important point here is that this is a non-covered bond so there are no boxes. I have have not paid anything previously .
