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What federal securities are taxable to Iowa?

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Question
What federal securities are taxable to Iowa?

Answer

The following are not considered federal securities and are taxable:

Federal Agency Obligations: 

  • Building and Loan Associations
  • Credit Unions, federal or state
  • Export-Import Bank of the United States
  • Farmers Home Administration
  • Federal Agricultural Mortgage Corporation (Farmer Mac)
  • Federal Home Loan Mortgage Corporation (Freddie Mac) Securities
  • Federal Housing Administration
  • Federal income tax refunds, interest
  • Federal National Mortgage Association
  • Federal National Mortgage Association (Fannie Mae) Securities
  • Government National Mortgage Association (Ginnie Mae) Securities
  • Merchant Marine (Maritime Administration)
  • Money Market Certificates
  • Mortgage Participation Certificates
  • Postal Savings Account
  • Savings and Loan Associations, federal or state
  • Small Business Administration

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Article Details
Views: 534 Created on: Jun 15, 2013
Date updated: Dec 17, 2018
Posted in: States, Iowa

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