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Financial Planning / Tax Strategies


Subject:  Tax Exempt Interest/AMT Date:  1/31/2007  7:01 PM
Author:  vkg Number:  91536 of 132521

I bought a small short term in-state muncipal bond last year. It was practice with the entire muncipal bond process. The prospectus claimed the bond was AMT exempt.

The consolidated 1099 shows the purchase, the redemption and the interest paid. It does not appear to give any information regarding the AMT status of the interest.

Is the AMT status reported on the 1099?


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