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Is interest earned on treasury bonds UNITED STATES TREAS BILLS ZERO CPN taxable in NJ?

I received a 1099-INT for the interest earned on treasury bonds UNITED STATES TREAS BILLS ZERO CPN. Are these taxable in NJ state?
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Accepted Solutions
LeticiaF1
Expert Alumni

Is interest earned on treasury bonds UNITED STATES TREAS BILLS ZERO CPN taxable in NJ?

New Jersey does not tax interest and gains from debt obligations of the federal government, such as U.S. Savings Bonds and
Treasury Bills.  If you would like to learn more about other investment income that is not taxable to the state of New Jersey click here.  

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2 Replies
LeticiaF1
Expert Alumni

Is interest earned on treasury bonds UNITED STATES TREAS BILLS ZERO CPN taxable in NJ?

New Jersey does not tax interest and gains from debt obligations of the federal government, such as U.S. Savings Bonds and
Treasury Bills.  If you would like to learn more about other investment income that is not taxable to the state of New Jersey click here.  

Is interest earned on treasury bonds UNITED STATES TREAS BILLS ZERO CPN taxable in NJ?

Those $$$ should show up, and are entered in box 3 of the 1099-INT form.

 

When $$ are in box 3, the software automatically knows not to use those $$ in the various state forms...either not include them as state income, or as a subtraction from Federal income.....depending on how the particular state forms are constructed.

____________*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*

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