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Ranja Acquires $200,000 Face Value Corporate Bonds for $186,000 When

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Ranja acquires $200,000 face value corporate bonds for $186,000 when the bonds are issued.He holds the bonds as an investment for two years and then sells them for $198,000.He amortizes $2,000 of the OID.What tax issues does Ranja have with respect to these bonds?

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The bonds have original issue discount o...

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