bruce paid a premuuem if a corporate bind when ge purchased it for $17813 on the secondery market the bibd which matures in ten tears gas a par calue of $16750 if bruce dies not elect to amortize the cost of the ormuirm each year how does he report the premuiem on his tax returen

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 interst fir the year upon mayurity