What interest income should I enter for Oregon?
Generally, interest income is only taxed by your state of residence. It includes any interest received or credited to your account that you could withdraw and any interest you received on tax refunds.
The following interest income is NOT taxed by Oregon:
Oregon taxes the interest income you received while you were an Oregon resident. Oregon also taxes Oregon business activity interest income received while a nonresident.
Nonresidents:
Oregon taxes the interest income you received on funds used for business activity in Oregon. Oregon doesn't tax interest received on installment sales.
The following interest income is NOT taxed by Oregon:
- Interest and dividends on government bonds of other states.
- Interest dividends on U.S. bonds and notes.
Oregon taxes the interest income you received while you were an Oregon resident. Oregon also taxes Oregon business activity interest income received while a nonresident.
Nonresidents:
Oregon taxes the interest income you received on funds used for business activity in Oregon. Oregon doesn't tax interest received on installment sales.
