How is the interest income from bond mutual funds taxed?

Do I have to pay penalties or interest? ... Gross Income. Wages, salaries, tips, etc. Y. S. Taxable interest and dividend income. Y. S. Taxable refunds, credits, or offsets of state & local income taxes. Eligible retirement income includes dividends, interest, capital gains, net rental income from real property and qualified retirement plans (IRS Sec. 4974), ... Additions to tax — Interest on deficiencies. [Repealed]. Repealed. (July 16, 1947, 61 Stat. 356, ch. 258, art. I, title XIII, § 2; Mar. 31, 1956, 70 Stat. Jan 9, 1992 ... interest is not subject to Ohio income tax. See R.C. 5747.01(A)(3), 5747.01(S)(4), 5747.08(D), and. 5733.40(A)(1) ... Jan 21, 2025 ... If you paid foreign taxes on your interest or dividend income, you may be able to claim a foreign tax credit when you calculate your federal ( ... Part I - TAXABLE INTEREST. Interest on bank deposits, notes, mortgages from individuals, corporation bonds, savings and loan deposits, and credit. Two (2) percent of the total tax due for each 30 days or fraction thereof that a tax return or report is late. The maximum penalty is 20 percent of the total ... A taxable possessory interest is further defined as the taxable interest held by a private possessor in publicly owned real property. Some examples of ... Dec 18, 1986 ... The taxation of interest income for New York State and New York City personal income tax purposes generally conforms to the federal income ...