John M. Hoffman & Associates CPAs

Frequently Asked Questions

Investment Income (Interest & Dividends)

 

• What is the significance of a dividend being called a “qualified dividend”?

• What is the best way to get you (Hoffman) the information you need on interest and dividend income? 

• Do I need to report tax exempt investment income (municipal interest or dividends)?

• What is OID (Original Issue Discount)?

• What is accrued interest purchased and what is the tax implication?