Received a 1099-OID for the interest earned on the U S TREAS NT STRIPPED PRIN PMT 0.00000% bonds. Are these earnings taxable in NJ state?

sagarm · ‎February 11, 2024

Received a 1099-OID and I see amount in Original Issue Discount on U.S. Treasury Obligations field. Is this earned interest on U S TREAS NT STRIPPED PRIN PMT 0.00000% bond taxable in NJ state?

LindaS5247 · ‎February 13, 2024

Interest from corporate bonds and U.S. Treasury bonds is taxable at the federal level. Interest on U.S. Treasuries are exempt from state and local income taxes.

Click here for additional information on Investment Bonds and taxes.

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LindaS5247 · ‎February 13, 2024

Interest from corporate bonds and U.S. Treasury bonds is taxable at the federal level. Interest on U.S. Treasuries are exempt from state and local income taxes.

Click here for additional information on Investment Bonds and taxes.

**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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Received a 1099-OID for the interest earned on the U S TREAS NT STRIPPED PRIN PMT 0.00000% bonds. Are these earnings taxable in NJ state?