In this Kitces Monthly webinar, Tim Steffen, CPA/PFS, CFP®, CPWA® demystifies taxation rules on bonds that can be easily overlooked, such as the tax treatment on bonds purchased on the Original Issue Date versus bonds purchased later on the secondary market, how the taxation of interest income differs across different bond types, and how bond funds are taxed. For each unique bond scenario, Tim will share options for how applicable taxes on bonds can be reported and review the forms used for tax reporting. In this webinar, advisors will learn:
- The range of bond types available for advisors and their clients and the different methods for purchasing them
- How to decipher the common tax forms clients will receive throughout bond ownership
- The taxation of different types of bonds during ownership, when sold, and at maturity
