Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
I own some so called Treasury Inflation Protection Bonds. It is very time consuming to do the Federal Income tax calculations. Is there some software that could simplify the calculations? I have a MAC and a PC but I do not own a smartphone or Ipad.
I own some so called Treasury Inflation Protection Bonds. It is very time consuming to do the Federal Income tax calculations. Is there some software that could simplify the calculations? I have a MAC and a PC but I do not own a smartphone or Ipad.
Nothing to calculate unless you sell them at a gain or loss.
When one owns TIPS, he is obligated to pay taxes on phantom income. The IRS gives you certain information every month but you have determine the tax due based on your own unique factors.
yes you of course pay tax on the income, but not the gain unless they are sold. You should get an annual statement in the form of 1099 interest income.
My understanding is that the 1099 assumes you paid par for the TIPS bonds. If you paid under par or over par you are obligated to do more calculations to determine your taxable income.
I own some so called Treasury Inflation Protection Bonds. It is very time consuming to do the Federal Income tax calculations. Is there some software that could simplify the calculations? I have a MAC and a PC but I do not own a smartphone or Ipad.
when rates rise and inflation rises those index adjustments are always well behind the curve.
if you believe like i do that those indexes that are used are manipulated to be as low as possible than thats another reason.
rising rates drive their value down just like any other bond although not as much but enough that they can still be a pretty lousy bet on inflation. in times like now where rates on bonds are getting hammered and inflation is still pretty tame by gov't numbers you can have a pretty crappy return..
In the Wall Street Journal dated 5/3/2011, Zweig wrote an article titled How Inflation-Protected Funds Get To Inflate Their Yields. I do have a profit on what I bought and the principal should be paid back on maturity so I will continue to regret my mistake for the next few years.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
