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Latest revision as of 12:35, 14 February 2025

Note: This writer is just not a CPA or tax commercial. This article is for general information purposes, and might not be construed as tax professional guidance. Readers are strongly Xnxx asked to consult their tax professional regarding their personal tax situation.

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B) Interest earned, nonetheless paid, throughout a bond year, must be accrued at the end of the bond year and reported as taxable income for that calendar year in that your bond year ends.

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Muni bonds should be owned in your taxable brokerage accounts, and do not in your IRA or 401K accounts because income in those accounts is definitely tax-deferred.

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