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| Hi, I have a short term capital loss on a municipal bond mutual fund. I've forgotten which IRS pub I read it in but I recall a requirement to forfeit six months worth of interest in this case. Out of habit I entered the average cost basis for the fund in TurboTax and nothing was mentioned about this requirement. Is the proper way to do this just to reduce my cost basis by the six months worth of interest? Thank you. Mike -- << ------------------------------------------------------- > << 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 (2007) - All rights reserved. > << ------------------------------------------------------- > |
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