Income Taxes and Record Keeping ( tax ) Message Board

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Strategies & Market Trends : Income Taxes and Record Keeping ( tax )

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To: Brendan W who wrote (2334)	10/18/1999 11:58:00 PM
From: Colin Cody	Read Replies (1) of 5810

Brendan, For the State that issued the Bond the loss may not be fully deductible, check with your State Tax dept. On the Federal form 1040, Sch D it likely IS recognized for tax purposes. Lots of special rules: zero coupon bonds, for one example. See your broker for details on your particular bonds. Colin

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