If the proceeds from the sale of bond investments exceed the balance of the investment amount, a gain is realized.

Question

Quizplus · Accepted Answer

When the proceeds from the sale of bond investments exceed the balance of the investment amount, it means that the investor has sold the bonds for more than they originally invested. This results in a gain, which is taxable as a capital gain. Therefore, the statement is true.

If the Proceeds from the Sale of Bond Investments Exceed