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Hi, back again, I'm Tom Choisnet, enrolled agent, and I'm going to talk a little bit
about...oh...wait a minute...I'll be darned. We've got a little email here that's asking
a question about interest income. "What do I put on my worksheet?" And, I do have some
notes here. You want to make sure that you report the impound interest that you get on
your mortgage, if they impound for taxes and insurance. They'll put a little slip in your
mortgage ticket, and make sure you bring that with you, in addition to the regular bank
interest. The credit union dividends are interest, and they'll give you a slip accordingly. And,
one other little thought about interest income is that the money market mutual funds, which
are quite popular with the market being sideways, that interest is taxed as dividend. So these
little tips right here, I hope they help you, and thanks for watching this clip.