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Accounting. Audit and Tax
 CPAnet Forum : Accounting. Audit and Tax
Subject Topic: taxable interest problem (Topic Closed Topic Closed) Post ReplyPost New Topic
  
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flashcrosma
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Posted: 01 Feb 2010 at 12:43 | IP Logged  

hey, everyone. here is my question:

the client is a resident in CT and he earned $15 interest from muni-bond issued from other state. is this $15 interest taxable in his CT's individual tax return?



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kj_nyc
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Posted: 02 Feb 2010 at 15:49 | IP Logged  

Depends on what the other state is.  If it's Puerto Rico, Guam, American Samoa, or U.S. Virgin Islands, then no.  Otherwise yes.



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flashcrosma
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Posted: 22 Feb 2010 at 11:40 | IP Logged  

thx, although it's 02-22 now, hoho, so late...



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