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bbjay20 asked:

I need help in accounting for some Series EE bonds I had cashed in in 2006 on my federal tax return. There were various bonds I had that were originally issued between 1983 and 1986. From the bank I cashed them in at I received a Statement of Interest Paid for Redemption of US Savings Bonds, but not a 1099-INT. This statement shows the breakdown and total Interest I earned on the bonds. Should I just assume that statement I received is the 1099-INT? I am planning on using that information to include in my Interest Income section, but am not sure if I should have received a 1099-INT as well.

Does anybody have any information to help me out?
I did my preliminary return using HR Block software. I wasn’t totally sure where to include this amount. I added it as Interest Income, but I’m not sure if that’s correct. I never received the 1099INT for the amount, just the statement indicating the total interest income earned from the redemption. The software seemed to indicated a 1099INT should have been received. There was also no place to indicate that they were Series EE bonds, so where it said enter name of Bank I included Name-Series EE Redemption. Think that is sufficient?

Thanks

convertible bonds

tzs asked:

I understand that if an individual invests in municipal bonds, they do not have to pay federal income tax on the interest, and usually do not have to pay state income tax on the interest either. But what if a corporation buys municipal bonds, do they have to pay federal income tax on the interest? And do they have to pay state income tax on the interest?

Thank you advance for your generous help.

convertible bonds

KnowledgeSeeker asked:

I am working with ShareBuilder, and currently allocating 25% of my taxable portfolio (non-taxable accounts are not an option in this scenario) to BND. However, I would much prefer to use tax exempt bonds, but those do not appear to be available through ShareBuilder. Am I missing something on the tax exempt bonds? If not, what type of ETF should I use to diversify in a taxable account?

convertible bonds

Lori P asked:

She has savings bonds with both their names on them. She would like to not have to pay huge tax penalties for cashing the savings bonds. She is 73 years old and on a fixed income.

convertible bonds