In June, 2011, I bought 10 tax-free (State and Fed) municipal bonds.
My total cost was $10623.98, which included $165.28 accumulated
interest. There was no commission.
They matured last month. I received $10000, all principal.
Can I assume I have a lt capital loss? If so, what is my basis? Is the
$10623.98 reduced by the $165.28??
Or is there no gain/loss due to my tax free interest payments?
- posted 5 years ago