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Subject:  Re: Matured Inherited Muni Bond Date:  10/8/2012  12:22 PM
Author:  TMFPMarti Number:  116764 of 127611

I have the impression that such "losses" aren't deductible for tax exempt bonds,

AFAIK the only thing special about munis is that the interest payments are exempt from Federal tax. I couldn't find anything contrary in a quick scan of Pub 550. In fact, there's a note on page 12 indicating that the disposition of them may result in a cap gain/loss.

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