Simple example - a return with $20,000 in taxable interest (1099 box 1), $2000 in bond premium (1099 box 11).
Does the bond premium get effectively deducted from the taxable interest (netting to $18,000 in taxable interest) on Schedule B (or elsewhere)?
Does the bond premium get effectively deducted from the taxable interest (netting to $18,000 in taxable interest) on Schedule B (or elsewhere)?
Statistics: Posted by psteinx — Sat Aug 17, 2024 10:57 am — Replies 1 — Views 59