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Tax treatment of bond premiums and stock losses in 1974 column
Q and A on premium tax deductions for corporate bonds and amortization for tax-exempt issues. Clarifies that loss recognition occurs on sale or maturity, with exceptions for municipals, and outlines settlement dates for 1974 capital losses including stocks sold for profits or cash transactions. Sam Shuly (Shuley) column invites questions with prepaid envelopes.
MENTIONED IN THIS ARTICLE
Sam Shulsky
Federal Reserve
Triple A
American Telephone
AAA