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 the dollar amount under that. The third column is “year to date” and then there’s a much larger dollar amount under there. I’m reading this as the current period amount shown could be whats owed to the IRS correct?
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