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Deductibility of indirect federal payments on state return

hspeck
Level 3

Brokerage statement states TP received indirect federal payments.  Are these deductible on state tax return?

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2 Comments 2
Just-Lisa-Now-
Level 15
Level 15

what is an indirect federal payment?  do you mean federal tax withheld?


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sjrcpa
Level 15

Or do you mean some of the mutual fund dividends are attributable to indirect federal obligations?

The more I know, the more I don't know.