Tax free income question

Questions on how we spend our money and our time - consumer goods and services, home and vehicle, leisure and recreational activities
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rec7
Posts: 2369
Joined: Tue Oct 28, 2008 7:22 pm

Tax free income question

Post by rec7 » Mon Aug 02, 2010 7:59 am

Does tax free income from a bond show up on a tax return?
Disclaimer: You might lose money doing anything I say. Although that was not my intent. | Favorite song: Sometimes He Whispers Jay Parrack

Gill
Posts: 4647
Joined: Sun Mar 04, 2007 8:38 pm
Location: Florida

Post by Gill » Mon Aug 02, 2010 8:13 am

Yes, you are required to report it.
Bruce

sscritic
Posts: 21858
Joined: Thu Sep 06, 2007 8:36 am

Post by sscritic » Mon Aug 02, 2010 8:23 am

MBMiner wrote:Yes, you are required to report it.
Bruce
On line 8b of your 1040. It is the third line under income near the top of page 1, two lines below where you enter your wages from your W-2s.

rec7
Posts: 2369
Joined: Tue Oct 28, 2008 7:22 pm

Post by rec7 » Mon Aug 02, 2010 8:34 am

Thanks everyone I am new to this.
Disclaimer: You might lose money doing anything I say. Although that was not my intent. | Favorite song: Sometimes He Whispers Jay Parrack

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