- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Can I reduce interest income by accrued interest paid at bond purchase even if the bonds haven't paid me any interest in that year?
Many bonds pay interest twice a year. If I buy bonds in November 2023 that pay interest in February and August, I have to pay the seller of the bonds the interest they earned from August to November 2023. But, I will not receive any interest from the bonds until February of 2024. Do I have to wait until 2024 before I can reduce my interest income by the accrued interest paid at bond purchase in 2023? Or can I apply the accrued interest paid at bond purchase in 2023 to interest income I earn from other sources (other bonds) in 2023?
Thanks for your help.
TS
Topics:
‎February 15, 2024
4:07 PM