So the interest rates are up. Let's say toward the end of the year the bonds would fetch 6%. I would be tempted to buy a bunch of long term bonds at this rate. The question is: if I hold bonds, do I need to show the realized interest every year or only when I sell them?
I am asking because I am in a pretty high tax bracket right now and want to postpone as much of realized income as possible to the point when I am retired.
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