Welcome back! Ask questions, get answers, and join our large community of tax professionals.
  • Products
  • Workflow Tools
  • Learn & Support
  • Sign In
  • Products
  • Workflow Tools
  • Contact Us
  • Sign In
  • Learn & Support
    • Created with Sketch. See what's trending for the upcoming tax season. View Lacerte Hot Topics.
    Created with Sketch. See what's trending for the upcoming tax season. View Lacerte Hot Topics.
    cancel
    Turn on suggestions
    Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type.
    Showing results for 
    Search instead for 
    Did you mean: 

    Where do i enter line 11 Bond premium in lacerte?

    diazassoc
    Level 1
    ‎12-07-2019 10:15 AM
     
    Labels
    0 Cheers

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

    1 Best Answer

    Accepted Solutions
    George4Tacks
    Level 15
    ‎12-07-2019 10:15 AM

    (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.  


    Answers are easy. Questions are hard!

    View solution in original post

    0 Cheers
    1 Comment 1
    George4Tacks
    Level 15
    ‎12-07-2019 10:15 AM

    (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.  


    Answers are easy. Questions are hard!
    0 Cheers
    Intuit Lacerte Tax
    Intuit ProConnect Tax
    Intuit ProSeries Tax
    Additional Accounting Solutions
    Tax Pro Center
    Tax Practice Resources
    Call sales: 844-877-9422
    Sitemap

    ©1997-2024 Intuit, Inc. All rights reserved.

    Intuit, QuickBooks, QB, TurboTax, and Mint are registered trademarks of Intuit, Inc. Terms and conditions, features, support, pricing and service options subject to change without notice.

    By accessing and using this page you agree to the Terms and Conditions.

    About Cookies | Manage Cookies
    Legal Privacy Security