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June 4, 2019
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Do I need to report sale of tax exempt minicipal bond under "Did you sell any investments in 2018"

  • June 4, 2019
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Does the sale of a tax-exempt municipal bond need to be reported under the Topic "Did you sell any investments in 2018?"

Best answer by Hal_Al

Yes. The  interest on the bond is not taxable, but  the capital gain on the sale is. Any capital loss on the sale is deductible.

1 reply

Hal_Al
Hal_AlAnswer
Employee
June 4, 2019

Yes. The  interest on the bond is not taxable, but  the capital gain on the sale is. Any capital loss on the sale is deductible.