Tax Question re: Purchased Notes - Posted by Jimmy

Posted by John K Haslach, CPA, MST on April 18, 2005 at 08:20:30:

If you are looking for something quick, check out the IRS Pub 550 or any of the Tax Guides sold at the book stores.

Tax Question re: Purchased Notes - Posted by Jimmy

Posted by Jimmy on April 17, 2005 at 11:38:11:

anyone out there familiar with the AMD rules (accrued market discount) which govern the income tax treatment of notes acquired after issueance for a discount.

if so, can you give a quick synopsis.

many thanks