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Posted by Route 101© on February 28, 2007, 12:36 pm
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In most states, interest income received from securities issued by
governmental units within the state is also exempt from state and local
income taxes. Moreover, interest income from securities issued by U.S.
territories and possessions—Puerto Rico, the U.S. Virgin Islands, Guam,
American Samoa and the Northern Mariana Islands—is exempt from federal,
state and local income taxes in all 50 states.
http://www.investinginbonds.com/learnmore.asp?catid=8&subcatid=55&id=107
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They also serve who only point and laugh.
> askme@for.it (Route 101©) wrote in
>
>> And add to the amount exempt from your state tax any portion of
>> muni interest received from Puerto Rico, Guam, and the US Virgin
>> Islands issues. ..............................
>
> Is that true for ->all states?
>
>
>>> Willliam@naol.com (Jeff) wrote in
>>>
>>>> Since this fund's interest includes interest spread all over 50
>>>> states, what could one enter for "other than my own state"? Does
>>>> not make sense to enter it as 50 separate entries!
>>>
>>> It would be just two entries, one for the portion of the income
>>> derived from sources in your own state, and another for the
>>> remainder of the income.
>>>
>>> You should have received information from your fund showing what
>>> portion of the income was from each state.
>
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> Bert Hyman | St. Paul, MN | bert@iphouse.com
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