Welcome back! Ask questions, get answers, and join our large community of tax professionals.
cancel
Showing results for 
Search instead for 
Did you mean: 

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?

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

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


♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
sjrcpa
Level 15

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


Ex-AllStar