I find this topic to be very confusing and I get lost quickly in the jargon. Is there a web site with a calculator that lets you enter all the relevant information so that you can determine the cost basis of a municipal bond that has matured?
As an example, I bought a pre-refunded muni bond (pre-refunded at
101.000) at premium a few years ago. Say the face value was 25,000 and I paid 27,000 and the proceeds last year were 25,250. If I just fill in the schedule D boxes with 27,000 as the cost and 25,250 as the sale price, it would generate a capital loss. But I know, or rather I believe, that you don't get a capital loss in such a case. So do I just put 25,250 as the cost?Thanks.