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LATEST DISCUSSIONS

  • Posted in: NASSAUSUFFOLK

    Early in 2023, client purchased a Treasury Note for $265,000 (not original issue) which matured at the end of 2023 for $275,000. Is the $10,000 "extra" short term gain or US Treasury interest? Thanks, Jay Jay M. Menachem, CPA 300 ...

  • Posted in: NASSAUSUFFOLK

    I would treat as US Govt interest (not taxable on NYS) since the source is a US T note. I've never tried to find anything specific to New York treatment of this since I never thought the treatment was in question. -- Larry Prosky ...

  • Posted in: NASSAUSUFFOLK

    Hi Howard, This seems to be related to SBA loans. Do you know how I can reach out to BFS to find out more before I can share it with you? ------------------------------ Yulin Li Principal Brooklyn NY 913-742-3366 ---------------------------- ...

  • Posted in: NASSAUSUFFOLK

    Is accrued market discount from a US Treasury note taxbale to NYS? I cannot find a definitive answer. ------------------------------ Rhona Liptzin CPA, CFP WANK & LIPTZIN, LLP CPAs Mineola NY 516-739-0555 ------------------------------

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