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.PhilRule Your Retirement Home Fool
Best Of |
Favorites & Replies |
Start a New Board |
My Fool |
BATS data provided in real-time. NYSE, NASDAQ and NYSEMKT data delayed 15 minutes.
Real-Time prices provided by BATS. Market data provided by Interactive Data.
Company fundamental data provided by Morningstar. Earnings Estimates, Analyst Ra