J
JB
Hi,
I have a short term capital loss on a municipal bond mutual fund. I've
forgotten which IRS pub I read it in but I recall a requirement to forfeit
six months worth of interest in this case.
Out of habit I entered the average cost basis for the fund in TurboTax and
nothing was mentioned about this requirement.
Is the proper way to do this just to reduce my cost basis by the six months
worth of interest?
Thank you.
Mike
I have a short term capital loss on a municipal bond mutual fund. I've
forgotten which IRS pub I read it in but I recall a requirement to forfeit
six months worth of interest in this case.
Out of habit I entered the average cost basis for the fund in TurboTax and
nothing was mentioned about this requirement.
Is the proper way to do this just to reduce my cost basis by the six months
worth of interest?
Thank you.
Mike