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tmjv
March 31, 2020
Question

What is a Federal Exempt Non-Arizona Municipal Interest Income

  • March 31, 2020
  • 1 reply
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1 reply

ReginaM
ReginaM
March 31, 2020

“Non-Arizona municipal interest” is interest income you have received from municipal bonds issued by cities or municipalities outside the State of Arizona. TurboTax asks this question because while interest from municipal bonds is generally tax-free at the federal level, each state may or may not tax it.

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