Top 5 Things to Know About Investing in Municipal Bonds
Investing in municipal bonds can be a great way to generate interest income and leverage the tax benefits afforded to municipal bond investments.
Form 1099-INT Interest Income – How to Report Municipal Bond Interest Income
The Form 1099-INT is filed to report the amount of interest income paid to a recipient. In general, all interest income is taxable to U.S. taxpayers; however, there are exclusions for municipal bond interest.
How to File IRS Form 6251 for AMT Adjustments of Private Activity Bond Interest Income
Some individual taxpayers may be subject to the alternative minimum tax (AMT) when they file their Form 1040. This example looks at an AMT adjustment for private activity bond interest income.