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Financial Planning / Tax Strategies


Subject:  Inherited bond Date:  4/3/2012  12:48 PM
Author:  skidragon Number:  115814 of 130720

I inherited a bond in March 2010 which matured at face value in 2011. The value of the bond when I inherited, according to the decedents Feb 2010 statement, was less than face value. Can I just report the difference as capital gain? The rules in pub 550 seem to have circular references which contradict each other.

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