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Investors & landlords
I see this is from 2 years ago but I have a question so I will try to just comment here and see what happens. I have a muni bond that matured in 2011 and was redeemed in 2016. It did not pay interest over the life of the bond, just at maturity. The only form received was a 1099B. We did not receive any 1099-OID during the life of the bond, or at redemption.
So - we need to report tax exempt interest without receiving any 1099-OID on this bond ever. How do I do this? I will of course set the 1099B basis to the redemption value so have no gain from1099B I just think I need to report the interest income on the bond even though it is tax exempt.
So - we need to report tax exempt interest without receiving any 1099-OID on this bond ever. How do I do this? I will of course set the 1099B basis to the redemption value so have no gain from1099B I just think I need to report the interest income on the bond even though it is tax exempt.
May 31, 2019
4:56 PM