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February 24, 2020
Question

Calculating "US government obligations" that are exempt from state tax

  • February 24, 2020
  • 1 reply
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When calculating US Government Obligations to deduct from state tax, do I add both ordinary income and capital gains prior to applying  the US Government Obligations percentage? Thank you very much for your comments.

1 reply

AmyC
Employee
March 6, 2020

Contact your broker and ask them for the correct information. The math does not work that way.

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