Retirement tax questions

That is the amount of $$ that came from NC-specific bonds.  As such that $33 of Exempt interest income will not be back-added to NC income, and will not be taxed by NC.  Neither will the PR $$.

 

The Mutiple States (More than one state) $$ came from bonds issued by other states.  Those $$ are not exempt from NC taxation...and because those $$ were NOT included in the Federal taxable income, these $$ are added back into the NC tax return as additional income that NC will tax.

 

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