|
The Motley Fool Discussion Boards
|
Previous Page | |
|
Financial Planning / Tax Strategies |
||
|
URL:
https://boards.fool.com/thanx-much-guys-i-do-appreciate-the-replies-the-31144712.aspx
|
||
| Subject: Re: Taxable reported at tax exempt on 1099INT | Date: 3/1/2014 4:43 PM | |
| Author: blacktreechaser | Number: 120311 of 131788 | |
|
Thanx much guys, I do appreciate the replies. The bond desk that my broker went to research info is a big name (I won't write it), so I feel uncomfortable thinking of them being wrong. But the disclosure is written in very plain English that even I can understand, seems like its taxable to me. So, I'll move the amount up to line one in turbo tax. I file paper copies, so I'll probably attach a short note saying what I did....not that I'm expecting anyone to ever read it. On line 10 of 1099-INT, the broker lists the CUSIP number of my tax exempt bonds. I wouldn't want some IRS person auditing my return, researching the bonds, finding a bond there that is no longer tax exempt, and then moving the amount from Line 8 to Line 1 after I already did that. Thanx again. |
||
| Copyright 1996-2021 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us | ||