Archive for the ‘United States’ Category

Do I pay federal income tax on my zero bonds the year I cash them in?

Saturday, July 10th, 2010

Mongoman W asked: I have several taxable zero bonds that I cashed in this year, worth around 12,000, will I have to pay federal/state income tax on all of that money?completion bonds

How much tax will I have to pay on my Savings Bonds?

Friday, April 2nd, 2010

niceguy8198 asked: I cashed in $480 worth of savings bonds over the summer from 1989-1991. I am a student but they were not considered student savings bonds. Currently I am unemployed but considered a dependent to my family. Will I get a bill for the taxes due and how much ...

How do you include the interest income from the redemption of Series EE Bonds?

Monday, January 25th, 2010

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 ...

What should be substitued for bonds with a diversified portfolio in a taxable account?

Tuesday, August 11th, 2009

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 ...

If a corporation invests in municipal bonds, is the interest they receive on the investment tax-free?

Friday, August 1st, 2008

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 ...