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Financial Planning / Tax Strategies
|Subject: Re: Inherited called muni bond||Date: 1/21/2013 1:35 AM|
|Author: TMFPMarti||Number: 117450 of 121478|
When the muni bond was inherited in 2011, it had a market value of $5,035 and a face value of $5,000. I believe, it was called and not matured in 2012.
Is there a capital loss?
I believe there is. My parents inherited a muni which was worth considerably less than its face value because interest rates had risen sharply. When it matured they had a cap gain.
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