@JohnB5677wrote:To calculate your individual effective tax rate.Take your total tax on line 24 of Form 1040Divided byBy your taxable income line 15 of form 1040...
" Do the major brokerage houses compute this and include the amount on the 1099-INT Box 3? Or do we have to calculate it?"STRIPS are OID bonds with a special ki...
Part two is how to enter it in your state form if you decide to take the exemption. From what I have been reading it is trickier in TurboTax than I would have t...
I am still not convinced that there is not a solid answer to this question.Probably hundreds of thousands if not millions of Treasury Notes and Bonds are traded...
@17499I am not a lawyer. These are just my personal views after researching this topic the best I am able."So the US government is still paying you $20 while th...