I understand corporate bonds well but I'm not particularly familar with the ins and outs of muni bonds.So...I'm studying and learning muni bonds so that when the pricing become attractive again I can hopefully make some good purchases.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.Thanks in advance for your help.
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