How to treat Interest received on defaulted corporate bond
I received a coupon payment for $500 in June on a corporate bond. 3 months later in September the company filed for bankruptcy. Do i have to pay tax on the $500 coupon, or can I use the $500 to reduce my basis?
posted
September 21, 20196:41 PM
last updated
September 21, 20196:41 PM
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