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 

Answer rating: 100% (QA)

Option A is correct He a... View the full answer