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Where do I subtract accreted prepaid interest on my tax exempt muni bond?
I bought a 20,000 municipal tax exempt bond and that pays 500 dollars interest JUly 1 . I bought it in /april and paid 20,000 + 300 (prepaid accreted interest) . IN July I rlecived 500 interest BUT only 200 is the earned interest, Where do write off /adjust the accreted prepaid interest???
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‎June 4, 2019
8:52 PM