bpierce
Level 3
10-09-2020
01:51 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
When should one use Part D or Part E to report bond premiums being reported on a 1099?
Labels
Terry53029
Level 14
10-09-2020
03:20 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
When you buy a bond at a premium, you add the premium to basis, or you can elect to amortize the premium, and deduct any interest from the bond each year from that premium, so where you report that depends on what your client did.
bpierce
Level 3
10-09-2020
03:30 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Got it..thanks!