I can't find a DEFINITIVE ANSWER to this question. I bought US TREASURIES at a DISCOUNT on the FIDELITY MARKETPLACE Dashboard. The guy that assisted me told me I would save the NEW YORK STATE TAX. Then another guy, AFTER I BOUGHT ALOT OF US TREASURIES told me that the DISCOUNT ON THE BONDS, OR AMD MAY NOT BE TAX EXEMPT FOR NYS PURPOSES. Can SOMEONE who really knows HELP with this? I wanted to DELAY INCOME so I selected the VERY LOW INTEREST BONDS with DEEP DISCOUNTS. Will I have to pay tax on all the DISCOUNT or is it CHARACTERIZED AS INTEREST and EXEMPT from NYS TAX? HELP!!!!
