Welcome back! Ask questions, get answers, and join our large community of tax professionals.
cancel
Showing results for 
Search instead for 
Did you mean: 

Where do i enter line 11 Bond premium in lacerte?

diazassoc
Level 1
 
0 Cheers

This discussion has been locked. No new contributions can be made. You may start a new discussion here

1 Solution

Accepted Solutions
George4Tacks
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.  


Here's wishing you many Happy Returns

View solution in original post

0 Cheers
1 Comment 1
George4Tacks
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.  


Here's wishing you many Happy Returns
0 Cheers