|
Posted by MyVeryOwnSelf on February 18, 2007, 9:32 pm
Please log in for more thread options
> When does accrued interest on a taxable corporate bond get
> deducted from total interest income? In the year of purchase
> or the year of maturity?
The year when the investor receives the first interest
payment.
(Disclaimer: I'm not a tax pro; just somebody who has
interest, accrued and otherwise.)
<< ======================================================= >>
<< The foregoing was not intended or written to be used, >>
<< nor can it used, for the purpose of avoiding penalties >>
<< that may be imposed upon the taxpayer. >>
<< >>
<< The Charter and the Guidelines for submitting posts >>
<< to this newsgroup as well as our anti-spamming policy >>
<< are at www.asktax.org. >>
<< Copyright (2006) - All rights reserved. >>
<< ======================================================= >>
| 
Yahoo! 
Google 
Windows Live 
del.icio.us 
digg 
Netscape 
XML Sitemap