Taxes on HH Bonds? - hh bond redemption
My brother and I bought HH bonds after my father died. I just got a letter that the government had a $ 4,000 interest on these bonds (which was not ordered because it is not the time had to be) known, and I know how much it is subject to taxes? In other words, how do I pay taxes when due? Can anyone help please?
Hh Bond Redemption Taxes On HH Bonds?
1 comments:
First, if the CP 2000 as a look at the top of page 1 was determined in the year. And what is the writing, that is, its back when it was reported.
All $ 4000 is very probable that the taxable income. How much tax should be based on the tax bracket that will support that income in that year back. For example, if the support is 15%, the tax is 15 x $ 4,000 = $ 600. In 25% is $ 1,000.
Add interest and the failure rate of about 1% per month from the date of the declaration.
Interest on savings bonds from the United States are not taxed by the states, so that he does not discuss this issue with your statement.
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