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Petitioner Can't Deduct Bond Premiums From NY Income Tax

By Kyle Jahner ( May 9, 2017, 3:31 PM EDT) -- Premiums paid on out-of-state tax-exempt bonds cannot be included in the basis or cost of an out-of-state bond and thus deducted for state income tax purposes, according to an advisory opinion from the State of New York Department of Taxation and Finance....

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