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I sold certain positions that I had in US savings bonds in 2011. Do I have to report the 1099 interest income on my state tax return?


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Expert Thomas Graham iii's Answer:

Interest on savings bonds is taxable at the federal level but is not taxable at the state level.  IRS Publication 550 can provide more guidance on this matter at the federal level. 

Thomas Graham iii, CPA, CFE

Oklahoma

7 yrs experience

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