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Hitachi HQT-1000 dumps

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Hitachi Vantara Qualified Professional - Sales Foundation

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Hitachi HQT-1000 Dumps

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NEW QUESTION: 1
Bubba buys a municipal bond at 102 and holds it ten years to maturity. For tax purposes, how is that
premium treated?
A. carried forward as a premium loss applied against profits realized on future municipal securities
B. recorded as a long-term capital loss
C. an ordinary loss taken as a deduction from taxable income
D. amortized over the life of the bond resulting in no loss at maturity
Answer: D
Explanation:
amortized over the life of the bond resulting in no loss at maturity. For tax purposes,
premiums are amortized over the life of the bond. Some amount is taken each year.


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