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lwid0673
New Member

Do mutual fund investments with a company located in another state require an out of state return?

 
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rjs
Level 15
Level 15

Do mutual fund investments with a company located in another state require an out of state return?

No, it does not require filing a tax return in the other state. Investment income is always considered to be from where you live, no matter where the financial institution is located.

 

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2 Replies
rjs
Level 15
Level 15

Do mutual fund investments with a company located in another state require an out of state return?

No, it does not require filing a tax return in the other state. Investment income is always considered to be from where you live, no matter where the financial institution is located.

 

Do mutual fund investments with a company located in another state require an out of state return?

Could you imagine the logistical nightmare if everyone who had investments has to file a state return for every state a company they invested in were located !!!  In theory some may need to file as many as 42 different state returns. LOL 

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