Rising interest rates may cause bond values to go down and it may be the time to make changes to bond portfolios. Bob Keebler CPA/PFS and Mark Fichtenbaum CPA review:
Options for a bond that has a coupon that is less than market.
How to avoid the wash sale rules when selling a bond.
Tax implications of selling a bond at a loss.
The three types of bonds and how the income from each is taxed for federal, state, and local levels.
Definition of a triple exempt bond.
Definition of original issue discount and original issue premium and how this impacts taxation of bond income.
Three action items when there is a large bond portfolio.
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