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Do I need to report sale of tax exempt minicipal bond under "Did you sell any investments in 2018"
Does the sale of a tax-exempt municipal bond need to be reported under the Topic "Did you sell any investments in 2018?"
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Do I need to report sale of tax exempt minicipal bond under "Did you sell any investments in 2018"
Yes. The interest on the bond is not taxable, but the capital gain on the sale is. Any capital loss on the sale is deductible.
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Do I need to report sale of tax exempt minicipal bond under "Did you sell any investments in 2018"
Yes. The interest on the bond is not taxable, but the capital gain on the sale is. Any capital loss on the sale is deductible.