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wfb916
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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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Hal_Al
Level 15

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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Hal_Al
Level 15

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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