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Investors & landlords
Accrued market discount from a US Treasury obligation is not deductible on the state return because the effective paid interest there was coming from a private party on the secondary market, not the US treasury. If you buy the bond from the government, you can subtract the interest. If you buy the bond from a 3rd party, the interest is not deductible.
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March 3, 2025
7:40 AM