- quote -

The year when the investor receives the first interest
payment.

(Disclaimer: I'm not a tax pro; just somebody who has
interest, accrued and otherwise.)

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When does accrued interest on a taxable corporate bond get
deducted from total interest income? In the year of purchase
or the year of maturity?

<< ================================================== ===== > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== >