Which of the following statements regarding the tax treatment of municipal bonds is least accurate? Select one OA. The 3.8% Net Investment Income Tax (NIIT) does not apply to the coupon payments received from municipal bonds. OB. Coupon payments are taxed as ordinary income in the year they are received. OC. Gains from the sale of municipal bonds are taxable. OD. Private activity municipal bond income is taxable under the alternative minimum tax (AMT).