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petersenjj
Level 1

How is seller financed interest on home divided between resident and non resident states?

Earned interest on an IN home i'm financing, Is the interest taxed in IN or my resident NC state like other bank Int?

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ToddL
New Member

How is seller financed interest on home divided between resident and non resident states?

Income from financial assets is taxed by your state of residence.   

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1 Reply
ToddL
New Member

How is seller financed interest on home divided between resident and non resident states?

Income from financial assets is taxed by your state of residence.   

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