Bruce paid a premium if a corporate bind when ge purchased it for $17813 on the secondary market the bibd which matures in ten tears gas a par value of $16750 if Bruce dies not elect to amortize the cost of the premium each year how does he report the premium on his tax return for each year that the bond he reports a $ 106.30 adjustment to interest
he will have a $1063 capital gain upon maturity
he will have a $1063?capital loss upon maturity
he will report $1063 in taxable interest fir the year upon maturity
