Do you have to record interest income on a 1099 for a CA municipal bond?
Do you have to record interest income that earned on a CA municipal bond on a Form 1099? Thanks!
Bond best answer:
Answer by the tax lady
The BOND ISSUER will issue the 1099-INT, not you.
BTW, you MUST show the investment income on your 1040. While it's not added to the total, it gets entered on 8b.
Bond
PJ Bond @ Fest 11 10.27.12-14
Image by elawgrrl
PJ Bond plays Fest 11 at Civic Media Center, Gainesville, FL, October 27, 2012.
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