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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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