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I earned dividends on municipal bonds. How should I report this?

 
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Category : > Income Tax Filing Across The USA
Posted On : Fri Nov 26th,2010

 
I earned dividends on municipal bonds. How should I report this?
 

I earned dividends on municipal bonds. How should I report this?

If the dividends are earned on municipal bonds issued by the state in which you are a resident, no tax is payable but you still need to report the amount of dividends you earned. If you are a non-resident, you will have to pay state taxes.

  


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