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January 27, 2025
Question

State Tax

  • January 27, 2025
  • 1 reply
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If we own a NY State muni bond and get interest income from the NY muni bond, and I am NOT a resident of NY, do I need to file income taxes for NY State ? 

    1 reply

    January 27, 2025

    No, the New York (NY) state municipal bond interest would not be taxable to NY.  You do report this interest on your own resident state tax return and it will be taxable if your state has an income tax return.

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    acavaleAuthor
    January 27, 2025

    Thanks Diane