Solved: Not sure if I need to pay taxes to the state of TN. Dividends and interest from Fed return are <$600. Is investment income from stocks included in the calculation?
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SPIKEHAYES64
Level 2

Not sure if I need to pay taxes to the state of TN. Dividends and interest from Fed return are <$600. Is investment income from stocks included in the calculation?

Ive had to file every year until now, but dont want to buy the TN return from TurboTax if its not necessary.

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IreneS
Intuit Alumni

Not sure if I need to pay taxes to the state of TN. Dividends and interest from Fed return are <$600. Is investment income from stocks included in the calculation?

Yes -  Investment income from stocks (interest, dividends, capital gains) is included in the calculation for TN tax.  For a list of the items considered taxable and nontaxable in TN, please see this guide, starting on p. 3:  https://www.tn.gov/content/dam/tn/revenue/documents/taxguides/indincguide.pdf


 

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IreneS
Intuit Alumni

Not sure if I need to pay taxes to the state of TN. Dividends and interest from Fed return are <$600. Is investment income from stocks included in the calculation?

Yes -  Investment income from stocks (interest, dividends, capital gains) is included in the calculation for TN tax.  For a list of the items considered taxable and nontaxable in TN, please see this guide, starting on p. 3:  https://www.tn.gov/content/dam/tn/revenue/documents/taxguides/indincguide.pdf


 

**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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