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Subject:  Re: Inherited called muni bond Date:  1/21/2013  1:35 AM
Author:  TMFPMarti Number:  117450 of 127549

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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