DianeW777
Expert Alumni

Deductions & credits

Since you were not a resident in New York (NY) during the year, then you are not required to report the interest earned during the year. As you indicated JP Morgan Chase is a national bank.

 

New York source income (for nonresidents) does not include the following income even if it was included in your federal adjusted gross income:

  • certain pensions that are exempt from New York State taxation by reason of U.S. Code, Title 4, section 114 (see line 10 instructions), and annuities and pensions that meet the New York State definition of an annuity, unless the annuity is employed in or used as an asset of a business, trade, profession, or occupation carried on in New York State;
  • interest, dividends, or other income from intangible personal property, or gains from the sale or exchange of intangible personal property, unless the intangible personal property is employed in a business, trade, profession, or occupation in New York State;

@rahulv85 

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

View solution in original post