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No, the question wants to clarify from which state the tax-free investments are from?
This could be your state or another, depending on the investments. These investments may be from more than one state. But it's possible you can get a tax benefit on your state return if you can identify which state the dividends are from. The tax benefit you would get would be that your state would not tax the dividends that come from your state, if there even are any. They would still tax the other dividends.
This information would only come from your financial institution. It might be listed in your year-end reports or a prospectus online.
Also, none of this is relevant if the following applies to you:
- Live in a state with no income tax (AK, FL, NV, SD, WA, WY)No, the question wants to clarify from which state the tax-free investments are from?
This could be your state or another, depending on the investments. These investments may be from more than one state. But it's possible you can get a tax benefit on your state return if you can identify which state the dividends are from. The tax benefit you would get would be that your state would not tax the dividends that come from your state, if there even are any. They would still tax the other dividends.
This information would only come from your financial institution. It might be listed in your year-end reports or a prospectus online.
Also, none of this is relevant if the following applies to you:
- Live in a state with no income tax (AK, FL, NV, SD, WA, WY)Still have questions?
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