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MOPARDOG
Jul 27, 2012, 12:10 PM
can federal tax be charged on a diversified bond that was a inherantance
AtlantaTaxExpert
Jul 27, 2012, 12:27 PM


No, not on the value of the bond itself.

However, once the bond is transferred to the heir, then income tax can be assessed on the interest that the bond is earning.