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With regard to the OID (Original Issue Discount) Rules, which of the following statements is false? Question 15 options: taxpayers may recognize interest from corporate
With regard to the OID (Original Issue Discount) Rules, which of the following statements is false?
Question 15 options:
| taxpayers may recognize interest from corporate 0% coupon bonds all at the time of maturity |
| taxpayers must accrue interest income each period on these securities even if they are cash basis taxpayers |
| US Series EE (Savings) bonds are exempted from these rules |
| none of the above |
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