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If you live in the state of Tennessee, do you have to pay state income tax on capital gains from the sale of stock? (I'm not concerned with dividends) Thank you

I live in the state of Tennessee, and I want to know if I need to pay state income tax for the sale of stock. 

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KarenJ
Intuit Alumni

If you live in the state of Tennessee, do you have to pay state income tax on capital gains from the sale of stock? (I'm not concerned with dividends) Thank you

Tennesee only taxes their residents on taxable interest and dividends that exceed $1,250 ($2,500 for MFJ).

TN does not tax capital gains.

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1 Reply
KarenJ
Intuit Alumni

If you live in the state of Tennessee, do you have to pay state income tax on capital gains from the sale of stock? (I'm not concerned with dividends) Thank you

Tennesee only taxes their residents on taxable interest and dividends that exceed $1,250 ($2,500 for MFJ).

TN does not tax capital gains.

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