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  2. Topic
    Business
  3. Study Set
    Federal Taxation
  4. Exam
    Exam 13: Part 1--Property Transactions: Determination of Gain or Loss,basis Considerations,and Nontaxable Exchanges
  5. Question
    The Amortization of Bond Premium Decreases the Basis of the Bond
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The Amortization of Bond Premium Decreases the Basis of the Bond

Question 133

Question 133

True/False

The amortization of bond premium decreases the basis of the bond and the amortization of bond discount increases the basis of the bond.

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