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Level 2
posted Jun 1, 2019 9:43:22 AM

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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1 Best answer
Intuit Alumni
Jun 1, 2019 9:43:24 AM

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


 

1 Replies
Intuit Alumni
Jun 1, 2019 9:43:24 AM

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