10-30-2008, 08:02 AM
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 Re: CD's maturing and taxes On Oct 29, 12:55*pm, nonse...[at]mynonsense.net wrote: - quote - > I have CD's at many banks and one is always maturing every other
1099s for my CD's so I'm not sure where you have a problem. Have you> month . Should I just rely on the 1099 to know how much tax I owe, or > do you make a record of each one in a notebook and tally that up? It > seems managing even a small amount of money is a job in itself! I'm sure you have to pay the tax if you owe it. I've always received moved? Have interest reported on Schedule K-1? I usually ball park my expected interest and so far my 1099s seem to agree. irs.gov is actually pretty good. Start at publication 550: http://www.irs.gov/pub/irs-pdf/p550.pdf Good Luck with your taxes! ------ Misc.invest.financial-plan is a moderated newsgroup where Moderators strive to keep the conversations on-topic for financial planning. Other posting guidelines include a request for brevity and another for trimming posts to which we respond. For all of the other tips and suggestions, see "FROM THE MODERATORS: Posting to misc.invest.financial-plan", a weekly post now on the Newsgroup. |
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10-29-2008, 06:55 PM
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| CD's maturing and taxes I have CD's at many banks and one is always maturing every other month . Should I just rely on the 1099 to know how much tax I owe, or do you make a record of each one in a notebook and tally that up? It seems managing even a small amount of money is a job in itself! ------ Misc.invest.financial-plan is a moderated newsgroup where Moderators strive to keep the conversations on-topic for financial planning. Other posting guidelines include a request for brevity and another for trimming posts to which we respond. For all of the other tips and suggestions, see "FROM THE MODERATORS: Posting to misc.invest.financial-plan", a weekly post now on the Newsgroup. |
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