Explore the 1,000’s of tax questions answered by professionals.

Back to list

QUESTION DETAIL

Related User

Votes

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?


ANSWER


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

  • Currently 5.0000/5 Stars.
  • 1
  • 2
  • 3
  • 4
  • 5
78 Ans.

COMPANY INFORMATION




We do not offer or provide any investment advice or services or opinion regarding the nature, potential, value, suitability or profitability of any particular security, portfolio of securities, transaction or investment strategy.

Copyright © 2024 BIDaWIZ, Inc. Privacy Policy | Terms & Conditions