accrued interest


L

lxhop

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?
 
Last edited by a moderator:
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M

MyVeryOwnSelf

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.)
 
Last edited by a moderator:

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