Personal Investments • Tax exemption for treasury interest in an IRA?

... However, when buying a treasury with a tax advantaged IRA account will the withdrawals of that accrued interest/dividends be exempt from state and local tax as well? ...

Welcome to the forum.

I think the above is true in New Jersey, but I haven't heard of any other state that recognizes this distinction.

See this document for NJ IRA treatment.
https://www.nj.gov/treasury/taxation/pd ... e/git2.pdf

Regards,

Wisconsin and, I believe, Oregon also allow it. But even in these cases, it may or may not be worth the hassle of keeping the records and doing the calculations.

Statistics: Posted by jeffyscott — Sat Jun 22, 2024 5:21 am — Replies 7 — Views 1663

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