Tax

Have a tax question? Ask a tax Expert

Ask an Expert,
Get an Answer ASAP!

Related Tax Questions
MY BROKER ISSUED A 1099-INE WITH AN AMOUNT INCLUDED ON LINE
MY BROKER ISSUED A 1099-INE WITH AN AMOUNT INCLUDED ON LINE 11-BOND PREMIUM AND A LARGER AMOUNT ON LINE 1 INTEREST INCOME. IS THE AMOUNT ON LINE 11 SUBTRACTED FROM LINE 1? … read more
Dr. Fiona Chen
Dr. Fiona Chen
President
Ph.D.
1,753 satisfied customers
Consolidated 1099 - OID is listed as $10,000 under Original
Consolidated 1099 - OID is listed as $10,000 under Original Issue Discount and Adjustments. Below 1099-Int in adjustments , there's nonqualified interest of $12,000. Is the nonqualified interest repor… read more
NPVAdvisor
NPVAdvisor
CFP Licensee and Practitioner
Master's Degree
180 satisfied customers
Lane - I have a 1099 that has an amount for OID on Tax
Hi Lane - I have a 1099 that has an amount for OID on Tax Exempt Obligations. Would that amount entered on the Federal return cause an increase, decrease or no tax effect?The only place I see to put i… read more
NPVAdvisor
NPVAdvisor
CFP Licensee and Practitioner
Master's Degree
180 satisfied customers
1099 O.I.D. for tax free interest. Publication 1212 says
1099 O.I.D. for tax free interest. Publication 1212 says "the rules for including o.i.d.in income generally does NOT apply to tax exempt bonds. I did get a 1099 o.i.d. from fidelity. "box 11 '-tax exe… read more
Chad EA, CDFA®, CFP®
Chad EA, CDFA®, CFP®
IRS Enrolled Agent, CFP(R),
Master's Degree
2,709 satisfied customers
I have a 1099-int from UBS box 1 12.23 box 6 $8569.44
I have a 1099-int from UBS box 1 12.23 box 6 $8569.44 (passive correct) box 12 $1635.91 box 13 $1635.91Im confused as to what to do with box 12 & 13… read more
taxmanrog
taxmanrog
Master's Degree
1,175 satisfied customers
I have a form 1099-INT that lists tax exempt interest on
I have a form 1099-INT that lists tax exempt interest on line 8 and bond premium on tax exempt bonds on line 13. Is the line 8 amount already "adjusted" for the line 13 amount, or is the interest I sh… read more
Tax.appeal.168
Tax.appeal.168
Tax Accountant
4,876 satisfied customers
Where do I report each of the following on the 1040 tax
Where do I report each of the following on the 1040 tax return Being furnished to the IRS Interest Income 2017 1099 INT Interest Income 1541 Tax exempt interest 1750 The following are not reported to … read more
ABC Accounting Group
ABC Accounting Group
Bachelor's Degree
859 satisfied customers
I received a 1099-Int with an amount in box 11, Bond
I received a 1099-Int with an amount in box 11, Bond Premium, covered lots. Furthermore, there is an amount in box 1, Interest Income. Would I include the Box 11 amount in interest income or subtract … read more
Tax.appeal.168
Tax.appeal.168
Tax Accountant
4,876 satisfied customers
Where would I enter the amount in boxes 11 and 13 of my
Where would I enter the amount in boxes 11 and 13 of my 2016-Int 1099 on my tax return? Box 11 is Bond Premium (covered lots) and Box 13 is Bond Premium on tax-exempt bonds.… read more
taxmanrog
taxmanrog
Master's Degree
1,175 satisfied customers
Continue with the previous question. This is relate to the
Hi Steve,Continue with the previous question. This is relate to the same trust I mention early. There is another FOrm 1099 INT with Tax-exempt OID $276 (see attach) and on Adjustment to interest and O… read more
keeperumiami
keeperumiami
Sr Financial & Tax Consultant
Bachelor's Degree
1 satisfied customers
Form 1041 questions Where do you enter the 2k bond
Form 1041 questionsWhere do you enter the 2k bond premium-tax-exempt obligations on Form 1041. the 2k is shown on Form 1099-INT under Adjustments to interest and original issue discount… read more
keeperumiami
keeperumiami
Sr Financial & Tax Consultant
Bachelor's Degree
1 satisfied customers
How do I report this? 1099 INT – Line 8 – Tax Exempt
How do I report this? 1099 INT – Line 8 – Tax Exempt Interest = 6,000 1099 INT – Line 13-Bond Premium Tax Exempt=1,500 1099 (Right Hand Side) Adjustments to Interest-Bond Premium Tax Exempt=1,100 Cash… read more
emc011075
emc011075
Senior Tax Specialist
Bachelor's Degree
16 satisfied customers
Why is the line 13 bond premium different from the
Why is the line 13 bond premium different from the adjustment bond premium amount listed on the right hand side of the 1099?… read more
emc011075
emc011075
Senior Tax Specialist
Bachelor's Degree
16 satisfied customers
My father passed away in 2016. He had series hh/h bonds
my father passed away in 2016. He had series hh/h bonds which he received 1099-int on each year. I cashed the bonds in after his death and received $16,500 and a 1099-int form for $16,500. Do I need t… read more
LEV
LEV
Retired
Bachelor's Degree
14,896 satisfied customers
On my 1099-INT there is a negative amount reported in box 8
On my 1099-INT there is a negative amount reported in box 8 (-$50.00). In box 11 and 13 there are amounts reported ($165 and $220) what needs to be done with these numbers?… read more
PDtax
PDtax
Owner
Master's Degree
1 satisfied customers
On my 1099-INT I have and amount listed Premium Line 11.
On my 1099-INT I have and amount listed for Bond Premium Line 11. What do I with this number?… read more
PDtax
PDtax
Owner
Master's Degree
1 satisfied customers
Few questions about items on form 1099-INT and 1099-OID.
Few questions about items on form 1099-INT and 1099-OID. Where does Box 11 Bond Premium get reported on form 1040 and where does OID on US Treasury Obligations from 1099-OID get reported on form 1040?… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
15,569 satisfied customers
Merrill Lynch reports Interest income Line 1 on Merrill Lynch,
Merrill Lynch reports Interest income Line 1 on Merrill Lynch, BOA and General electric Corp bonds # ***** the interest is a negative amount of annual bond premium say $ -1000.....yet in their summary… read more
keeperumiami
keeperumiami
Sr Financial & Tax Consultant
Bachelor's Degree
1 satisfied customers
Disclaimer: Information in questions, answers, and other posts on this site ("Posts") comes from individual users, not JustAnswer; JustAnswer is not responsible for Posts. Posts are for general information, are not intended to substitute for informed professional advice (medical, legal, veterinary, financial, etc.), or to establish a professional-client relationship. The site and services are provided "as is" with no warranty or representations by JustAnswer regarding the qualifications of Experts. To see what credentials have been verified by a third-party service, please click on the "Verified" symbol in some Experts' profiles. JustAnswer is not intended or designed for EMERGENCY questions which should be directed immediately by telephone or in-person to qualified professionals.

JustAnswer in the News:

Ask-a-doc Web sites: If you've got a quick question, you can try to get an answer from sites that say they have various specialists on hand to give quick answers... Justanswer.com.
JustAnswer.com...has seen a spike since October in legal questions from readers about layoffs, unemployment and severance.
Web sites like justanswer.com/legal
...leave nothing to chance.
Traffic on JustAnswer rose 14 percent...and had nearly 400,000 page views in 30 days...inquiries related to stress, high blood pressure, drinking and heart pain jumped 33 percent.
Tory Johnson, GMA Workplace Contributor, discusses work-from-home jobs, such as JustAnswer in which verified Experts answer people’s questions.
I will tell you that...the things you have to go through to be an Expert are quite rigorous.

What Customers are Saying:

I really was impressed with the prompt response. Your expert was not only a tax expert, but a people expert!!! Her genuine and caring attitude came across in her response...

T.G.WMatteson, IL

I WON!!! I just wanted you to know that your original answer gave me the courage and confidence to go into yesterday's audit ready to fight.

BonnieChesnee, SC

Great service. Answered my complex tax question in detail and provided a lot of additional useful information for my specific situation.

JohnMinneapolis, MN

Excellent information, very quick reply. The experts really take the time to address your questions, it is well worth the fee, for the peace of mind they can provide you with.

OrvilleHesperia, California

Wonderful service, prompt, efficient, and accurate. Couldn't have asked for more. I cannot thank you enough for your help.

Mary C.Freshfield, Liverpool, UK

This expert is wonderful. They truly know what they are talking about, and they actually care about you. They really helped put my nerves at ease. Thank you so much!!!!

AlexLos Angeles, CA

Thank you for all your help. It is nice to know that this service is here for people like myself, who need answers fast and are not sure who to consult.

GPHesperia, CA

< Previous | Next >

Meet the Experts:

Wallstreet Esq.

Wallstreet Esq.

Tax Attorney

586 satisfied customers

10 years experience

Mark D

Mark D

Enrolled Agent

1,338 satisfied customers

MBA, EA, Specializing in Business and Individual Tax Returns and Issues

Richard

Richard

Tax Attorney

4,512 satisfied customers

29 years of experience as a tax, real estate, and business attorney.

PhillipsEsq.

PhillipsEsq.

Attorney-at-Law

59 satisfied customers

B.A., M.B.A, J.D.

Robin D.

Robin D.

Senior Tax Advisor 4

15,569 satisfied customers

15years with H & R Block. Divisional leader, Instructor

Megan C

Megan C

Certified Public Accountant (CPA)

8,655 satisfied customers

Licensed CPA, CFE, CMA, CGMA who teaches accounting courses at Master's Level

jgordosea

jgordosea

Enrolled Agent

2,885 satisfied customers

I've prepared all types of taxes since 1987.

< Previous | Next >

Disclaimer: Information in questions, answers, and other posts on this site ("Posts") comes from individual users, not JustAnswer; JustAnswer is not responsible for Posts. Posts are for general information, are not intended to substitute for informed professional advice (medical, legal, veterinary, financial, etc.), or to establish a professional-client relationship. The site and services are provided "as is" with no warranty or representations by JustAnswer regarding the qualifications of Experts. To see what credentials have been verified by a third-party service, please click on the "Verified" symbol in some Experts' profiles. JustAnswer is not intended or designed for EMERGENCY questions which should be directed immediately by telephone or in-person to qualified professionals.

Show MoreShow Less

Ask Your Question

x