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?

SPIKEHAYES64 · ‎June 1, 2019

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

IreneS · ‎June 1, 2019

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 · ‎June 1, 2019

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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**Mark the post that answers your question by clicking on "Mark as Best Answer"

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