1099-int for a tax-exempt bond mutual fund

Submitted by paul lolicata on Sun, 2011-01-30 01:58

I live in n.h. and received a 1099-int form from vanguard for the vanguard short term tax-exempt fund. I am doing my taxes but am not sure if the interest counts toward taxable income or not. Can someone clarify this? 1040 line 8b?



Submitted by Alan Spross on Sun, 2011-01-30 02:55

8b on Form 1040 IF the 1099 interest shows in Box 8. Not taxable directly, but could make your SS taxable if 85% of your SS is not already included in your AGI.

Submitted by paul lolicata on Sun, 2011-01-30 22:09

thanks. I appreciate your comments. pablolo

Add new comment

Log in or register to post comments