If I'm holding something like an S&P 500 index ETF, do I just have to accept that I will get an unknown amount of distributions with unknown tax treatment?
Last month I bought a treasury bond on the secondary market and I paid accrued interest. I don't have plans to sell the bond. I learned that the form-1099-INT does not handle accrued interest. My questions are: Do I have to report the accrued interest if I'm not selling the bond, if yes, how? Since treasury bonds are…
I live in NJ and work at NY. I also have dividend and interest income from brokerage accounts. I assumed that I only have to report NY-sourced income (work salary) in NY's state return, but when I plug in the numbers in freetaxUSA, it automatically uses "NEW YORK AGI - FEDERAL AMOUNT" instead of the "NEW YORK AGI - NEW…
Hi, I am planning to file married-jointly and a single earner in home. I don't have any income other than salary and dividends. I do have mortgage as I bough a home this year. I make 100,000. Dividend is around 2000 and have paid around 24,000 in the interest of mortgage. Do I still need to invest in IRA or 529 to save…
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