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Has Federal and State governments, and I would assume the IRS, figured out the appropriate method for reporting Interest Earned in the case of Bank of Internet USA customers ??

As a Washington resident, with Bank of Internet USA physically located in California, I'd rather not incur the hassles associated with the California State Tax system...

Are Bank of Internet USA customers shielded from states' taxes ??

This issue will stop me from opening a BofI account, and I'm certain, inhibit the reality of potential growth projections.


Tye, aka SM2K long since July'13
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