Tenn preparers please

[taxmom34]

i think i asked this question last year, (not sure), but if a resident of Tenn is filing a tax return for an installment sale of property in another state (mass) and paying taxes on that same income in both states, why doesn't Tenn give credit . client is paying two states on the same income. Not fair. !
So now i'm thinking maybe it's the installment sale? could it be excluded because of the other state?
I'm not doing the return this year, but i've been asked by former client to see if I can find some kind of loophole.
Thanks in advance for any help

[Snaggletooth]

Hall Income Tax

Tennessee should only be taxing the INTEREST collected on the installment sale and not the capital gains portion.

But they will not give credit if another state is taxing it. The original idea of the Hall Income Tax (est. 1953) was to keep TN investors from collecting interest and dividends from out-of-state sources.

[taxmom34]

Snags

thank you so much for your help on this one. maybe now, she will let me retire.