All government bonds are exempt from the application of the OID rules.

Name: All government bonds are exempt from the application of the OID rules.
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Not all government bonds are exempt from the application of the Original Issue Discount (OID) rules. While some government bonds, like U.S. Treasury bonds, might have specific exemptions, the OID rules can apply to various government or municipal bonds if they are issued at a discount to their face value.

All Government Bonds Are Exempt from the Application of the OID