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IRA: For States With State Taxes, With Respect To Treasuries

Ltssharon
  |     |   471 posts since 2020

I live in a high state tax place.

When I compare cd rates to treasury rates within a regular taxable account that is NOT an ira, I always take into consideration the fact that interest earned on treasuries are not taxed in my state but interest earned on cds are taxed in this state. I understand this is appropriate.

However, I just heard through the grapevine that when , in a traditional IRA account, I would be mistaken to adjust the treasury rate, Is this correct, and if so, what is the reasoning?

Thank you.

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choice1
  |     |   370 posts since 2023
Sorry for my confusion…but financial instruments in an IRA are not recognized then for tax purposes…upon distribution there is a tax depending in part whether those funds were pre or post tax funds. What am I missing ? Thanks
Want to delete everything…there is still time.  :)
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Ltssharon
  |     |   471 posts since 2020
Poster here. Oh, I forgot. That explains what I had forgotten about. Thankyou. Problem solved.
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