Deductions & credits

Ohhhh another major point, if you bought the bond, and it did not issue it's next interest payment until sometime in 2021 , then you cannot declare the accrued interest until the 2021 tax return filed in 2022.

 

i.e. you can't get a deduction for accrued interest, until the year the  bond actually issues interest to you.

____________*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*