(LITX75/27) Brokerage Accounts, Part 1 – Interest Income
March 18, 2027 @ 1:00 pm - 1:50 pm
Non Member Rate: $45Event Description
Three different types of interest appear on Form 1099-INT – Ordinary interest, U.S. Treasury bonds, tax-exempt municipal bonds.
Where bonds were purchased a premium over their face value, Form 1099-INT also reports bond premium amortization (BPA).
The opposite of BPA is bond discount accretion, which includes original issue discount (OID).
This segment will discuss the various types of bonds and various types of addition and subtraction adjustments in reporting interest income.
*EA Approved Course
