Posts Tagged Investment Statement

12.13.2008

In an investment statement, what does the term federally taxable mean? Is that the amount owed to the IRS?

I’m looking at an old investment statement and was wondering if “Federally Taxable” means that is the amount owed to the IRS for that particular statement? I’m looking at a line that is listed under “source of income” first column is Federally taxable credit interest earned. The second column is “current period” then [...]