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My brokerage service has the new bonds, and I have received an interest payment. Any accountants, or people who know something, out there who can tell me about cost basis? Logic suggests, since no sale took place, and no money was transferred at the maturity date, that cost would not change, but, this is, clearly, a different security. Did we, for tax purposes, sell one bond, and then immediately buy another, at the price of the opening sale of the new one, and must we therefore declare gain or loss on the 9.75% bond?
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