Report a corporate bond and income produced by the bond in Schedule A. For You, Your Spouse, and Your Dependent Children Schedule AReport a corporate bond if the value of the bond was more than $1,000 at the end of the reporting period, or if the bond produced more than $200 in income during the reporting period. Block A: Provide the name of the corporate issuer (e.g., “Xylophone Technologies Corporation”) and identify the asset as a bond. You do not need to include the terms of the bond. Block B: Report the value of the bond by marking the appropriate column. Block C: Report the total amount of income that was produced during the reporting period by marking the appropriate “Amount” column. If the amount of income is more than $200, you also need to report the type of income by marking the applicable “Type” column(s). Bonds normally produce interest income but may also produce capital gains if sold. Click Here for Frequently Asked Questions
This guide is not intended to provide investment advice, and you should not rely on statements in this guide when making investment decisions.