For Tax Purposes, There Is No Original Issue Discount on a Bond

question 126

True/False

For tax purposes, there is no original issue discount on a bond unless the bond is issued for less than its face value and the difference between the face value and the bond issue price is at least one-fourth of 1 percent of the redemption price at maturity multiplied by the number of years to maturity.

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Measurement Section

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Campaign

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Evaluating

The act of assessing or reviewing something systematically to determine its value, quality, or importance.

PGA Team

Refers to professionals associated with the Professional Golfers' Association, often teams or groups that partake in golf tournaments and related events.