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Get your taxes done using TurboTax
The IRS:
1) Treats cap gains from US Treasuries purchased at discount as INTEREST
2) The IRS Forbids ALL states from taxing INTEREST on US Treasuries
Case closed: States can try to con you into paying interest on US Treasuries but in doing so they are violating IRS code.
‎February 11, 2025
1:40 PM