Thanks, can you pls clarify what you mean by "However, there could be an exception if the interest is related to a business which operates in your nonresident state." Presumably all investment earned is related to an entity conducting business. I have received a notice from the California Francise Tax Board saying I have California sourced income (I am not California resident). This means then that as an investor I could pay taxes in the state making the dividend/interest payment, then in my resident state then at the federal level? pls advise. thanks.
