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Where do i enter line 11 Bond premium in lacerte?

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(a) determine whether the bond is taxable or tax free. Which bond is it?

(b) determine if the broker has taken into account this premium in regards to the basis of the bond.Essential it is an adjustment to the cost of bond for it's higher interest rate.  

Income tax returns are the most imaginative fiction being written today. — Herman Wouk

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Highlighted
Level 15

(a) determine whether the bond is taxable or tax free. Which bond is it?

(b) determine if the broker has taken into account this premium in regards to the basis of the bond.Essential it is an adjustment to the cost of bond for it's higher interest rate.  

Income tax returns are the most imaginative fiction being written today. — Herman Wouk

View solution in original post

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