Who must file a Tennessee individual income tax return?
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A person whose legal domicile is in Tennessee and whose taxable interest and dividend income exceeded $1,250 ($2,500 if married, filing jointly).
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A person who moved into or out of Tennessee during the year and whose taxable interest and dividend income during the period of Tennessee residency exceeded $1,250 ($2,500 if married, filing jointly).
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A person whose legal domicile is in another state, but who maintained a residence in Tennessee for more than six months of the year and whose taxable interest and dividend income exceeded $1,250 ($2,500 if married, filing jointly). Military personnel and full-time students having legal domicile in another state are not required to file.
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A person, bank, etc. acting as a Tennessee fiduciary (administrator, executor, guardian, trustee, or other acting in a similar capacity) who received $1,250 or more in taxable interest and dividend income for the benefit of Tennessee residents. A trust or estate is entitled to only one exemption of $1,250, regardless of the number of beneficiaries. An executor or administrator of a Tennessee estate must pay tax on income received by the estate until stocks and bonds have been transferred to beneficiaries. However, effective April 5, 1995, a trustee of a charitable remainder trust is not responsible for payment of tax. The trustee shall report to each resident beneficiary the amount of taxable income distributed to him and the beneficiary shall be liable for the tax. Trustees who receive taxable income on behalf of NONRESIDENT BENEFICIARIES are NOT required to file a return. However, when taxable income is received on behalf of both RESIDENT and NONRESIDENT BENEFICIARIES, ONLY THE TAXABLE INCOME OF ANY RESIDENT BENEFICIARY is required to be reported.
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A Tennessee partnership whose taxable interest and dividend income exceeded $1,250. The partnership is liable for the tax, if any.
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