I think I remember it being stated here a few months back that capital gains on muni bonds are taxable (even if the interest is non-taxable). Correct?If so, would the converse be true? Can muni bond capital losses be used to offset capital gains elsewhere? I ask because in todays market there are tons of even long dated muni bonds selling well above par. In general, gains are taxable and losses are deductible. But as with many tax issues, it isn't that simple -- in fact, it can get really complicated. Here's a good description of all the ins and outs:http://www.investinginbonds.com/learnmore.asp?catid=8&su...You'll want to look especially at the "Bond Premium" section since the bonds you want to buy are above par.best,dan
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