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Get your taxes done using TurboTax
Yes. Add the amount of previously taxed original issue discount to your cost basis.
The IRS says "In general, to determine your gain or loss on a tax-exempt bond, figure your basis in the bond by adding to your cost the OID you would have included in income if the bond had been taxable."
See Publication 1212 (01/2022), Guide to Original Issue Discount (OID) Instruments
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March 5, 2022
6:02 AM