Are capital gain distributions taxable in the state of tennessee?

7-5-64 · ‎February 1, 2020

DeanM15 · ‎February 1, 2020

Capital gain distributions from Mutual Funds are taxable in Tennessee. Capital gains from Real Estate, Stock etc. are not taxable.

Tennessee has an exemption of $1,250 ($2,500 for married filing jointly) against total taxable interest and dividend income reported annually.

You can find out more about Tennessee taxable income here and here.

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DeanM15 · ‎February 1, 2020

Capital gain distributions from Mutual Funds are taxable in Tennessee. Capital gains from Real Estate, Stock etc. are not taxable.

Tennessee has an exemption of $1,250 ($2,500 for married filing jointly) against total taxable interest and dividend income reported annually.

You can find out more about Tennessee taxable income here and here.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

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