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The Water Cooler
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The Tax Man Cometh
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<blockquote data-quote="TinkerTanker" data-source="post: 3764878" data-attributes="member: 50228"><p>Wait, I just caught that this was a burial 1099. You don't have to pay taxes on it, you adjust it out except for the $500 you didn't pay for burial. If you need help with that let me know, or you can tell your tax preparer to do it. You do have to pay for the bonds though. <img src="/images/smilies/frown.png" class="smilie" loading="lazy" alt=":(" title="Frown :(" data-shortname=":(" /> Sorry brother! (unless you say you used it to pay for education costs)</p><p></p><p>You can thank Clinton for repealing the law that exempted these funds, btw.</p></blockquote><p></p>
[QUOTE="TinkerTanker, post: 3764878, member: 50228"] Wait, I just caught that this was a burial 1099. You don't have to pay taxes on it, you adjust it out except for the $500 you didn't pay for burial. If you need help with that let me know, or you can tell your tax preparer to do it. You do have to pay for the bonds though. :( Sorry brother! (unless you say you used it to pay for education costs) You can thank Clinton for repealing the law that exempted these funds, btw. [/QUOTE]
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