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Investors & landlords
if you are doing part-year tax returns, it takes a lot of work and extra go-rounds to understand how to allocate the interest between the two states. Once you are back to a full year resident, it's easier.
And also, on the followup page that asks about the source of the tax-exempt $$, you are allowed to break out your own resident state's bond tax-exempt amounts for proper exemption of a sub-portion of those $$ from that state's taxes. TTX handles them all properly once you understand how to do it.
And also, on the followup page that asks about the source of the tax-exempt $$, you are allowed to break out your own resident state's bond tax-exempt amounts for proper exemption of a sub-portion of those $$ from that state's taxes. TTX handles them all properly once you understand how to do it.
____________*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*
‎June 6, 2019
6:12 AM