Form Instruction 1099-INT & 1099-OID for Tampa Florida 2024-2025

Form Instruction 1099-INT & 1099-OID for Tampa Florida: What You Should Know

Form 1099-B for Federal Taxable Capital Gains (Nonresidents) Instructions for Forms 1099-B(X), 1099-B-EZ, 1099-B-SUB, and 1099-B-TFS What is Form 1099-B? — Turbo Tax Tax Tips & Videos Nov 1, 2025 — Use Form 1099-B—or a replacement form of record-​ed income received by an individual or entity—​to report and maintain tax information with respect to an interest in capital gains that was received on a qualified bond during the reporting period ending on December 5, 2017. ​ What are the benefits of recording a capital gain made on qualified bonds?​ A qualified bond received on or after December 5, 2018, and before January 1, 2020, is a qualified bond that was issued before January 1, 2018, at a cost of not more than 10% of the face amount of the bond at, or at interest rates that were not greater than, par if paid or accrued up to the date on which the qualified bond was received. In other words, you can claim the 10% reduction if you bought a bond before January 1, 2018, or after January 1, 2018, but before the end of the calendar year in which the qualified bond was issued. If you purchased a qualified bond before January 1, 2018, you can continue to deduct the payment as an itemized deduction on Schedule A that you make when you figure your itemized deduction for the taxable year. You do not have to have previously filed a tax return to claim the 10% reduction (except Form 6251 or Form 6251S). You must file and pay the remaining balance of 10,000 plus interest that accrues on that bond from the date of payment, to be received by the date on which the 10% reduction is allowed on Form 1099-B (or a replacement form of record-​ed income received by an individual or entity). The 10% reduction is also allowed under certain circumstances on Form 6251 or Form 6251S. You can make this claim under the following conditions if the qualified bond is purchased for net capital gain or for the purpose of gaining or preserving a right to receive the cash equivalent of the interest.

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