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?

posted

Connect with an expert

1 Best answer

Accepted Solutions

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

1 Reply

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

Still have questions?

Questions are answered within a few hours on average.

*Must create login to post

Unlock tailored help options in your account.