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The amount involved isn't much, but I would like to report the transaction correctly.

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? Would there have been a gain, if the market value was lower than the face value?

All interest is federally deductible. Interest is not deductible in my state.
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