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Assuming US due to agency choice. What about a 1099-INT? Surely even trivial interest earnings on 10mm would trigger this? Moreover I'd expect that any given u
by sklargh 4y ago
Assuming US due to agency choice. What about a 1099-INT? Surely even trivial interest earnings on 10mm would trigger this?
Moreover I'd expect that any given user w/10mm would be rolling into multiple accounts to maximize protection offered by FDIC.
- pjscott 4y agoIf you put the money mostly into bonds or stocks that don't issue significant dividends, you'll pretty much just have to worry about capital gains (form 1099-B), and those aren't taxed until the fiscal year in which they're realized.