The Motley Fool Discussion Boards

Previous Page

Financial Planning / Tax Strategies

URL:  http://boards.fool.com/i-have-the-impression-that-such-30306660.aspx

Subject:  Re: Matured Inherited Muni Bond Date:  10/8/2012  12:22 PM
Author:  TMFPMarti Number:  116764 of 121061

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.

Phil
Rule Your Retirement Home Fool
Copyright 1996-2014 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us