Karina is a North Carolina resident. She is required to file a North Carolina return. She received $580 in North Carolina state bond interest. She also received $1,800 in Texas local bond interest. Both amounts are exempt from federal tax. How is the interest from each of these states' bonds handled on her North Carolina return? 

Answer rating: 100% (QA)

In North Carolina state bond interest is typically exempt from state income tax regardless of whe... View the full answer