Investors & landlords

@HDShrader327 @ssr025   @Mike9241 

 

Instructions for OR, and an example,  are actually on page 88 of the 2022 OR Pub 17   (not sure of other years). [[appears to be the same on p80 of the 2020 OR pub 17, or p86 of the 2021 Pub 17]]

 

I doubt that TTX will do this calculation for you....and I personally suspect that most states won't allow it , nor bother with the complexities of verifying your calculations.  Keeping track year-to-year, with folks re-investing interest/dividends in the same, or other funds within their IRA...., it would end up being a tracking nightmare.

 

(now I'm off to check my NC rules...just in case)

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( later edited in For NC:  The NC state tax rules for subtraction of interest/dividends from US Govt bonds/securities includes:

 

"This deduction does not apply to any portion of a distribution from an Individual Retirement Account (IRA)."

 

(last sentence on this page:  Interest Income from U.S. Obligations | NCDOR  )

____________*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*