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Level 3
March 22, 2025

Taxable Muni interest on a nonresident state??

  • March 22, 2025
  • 1 reply
  • 4 views

An AZ taxpayer is filing a NM nonresident return because of a land sale.  He has out of state muni interest (from neither AZ or NM).  The program is carrying the muni interest to the nonresident NM and taxing it.

I don't think this is correct.  Has anyone else ran into this situation?

 

    1 reply

    BobKamman
    Level 15
    March 22, 2025

    Form PIT-B, Section 1, Line 2, change whatever amount shows up in Column 2 to a zero.