layout | title | schemas |
---|---|---|
property | int_tax_status | loan |
int_tax_status
The tax status of interest income for Federal or State Income Tax purposes.
For additional details refer to: https://www.federalreserve.gov/apps/reportingforms/Report/Index/FR_Y-14Q
├── taxable
└── tax_exempt
taxable
Taxable Interest - Interest income that is subject to Federal and State income taxes. This includes most standard loan interest payments that must be reported as taxable income by the recipient.
tax_exempt
Tax-Exempt Interest - Interest income that is exempt from Federal and/or State income taxes. This typically applies to interest earned on certain types of municipal bonds or other government securities that are specifically designated as tax-exempt.