https://ttlc.intuit.com/community/state-taxes/discussion/i-earned-income-from-a-bank-that-is-not-my-state-of-residence-do-i-need-to-file-state-taxes-in-that/01/449003#M19835 Tue, 04 Jun 2019 22:49:53 GMT knotts28 2019-06-04T22:49:53Z https://ttlc.intuit.com/community/state-taxes/discussion/i-earned-income-from-a-bank-that-is-not-my-state-of-residence-do-i-need-to-file-state-taxes-in-that/01/449003#M19835 Tue, 04 Jun 2019 22:49:53 GMT https://ttlc.intuit.com/community/state-taxes/discussion/i-earned-income-from-a-bank-that-is-not-my-state-of-residence-do-i-need-to-file-state-taxes-in-that/01/449003#M19835 knotts28 2019-06-04T22:49:53Z https://ttlc.intuit.com/community/state-taxes/discussion/no-you-do-not-need-to-file-a-tax-return-or-pay-income-t/01/449009#M19837 <P>No, you do not need to file a tax return (or pay income taxes) in that other state, if your only reason is that you received "passive" income from a bank or financial institution that is based there.</P><P>The only thing that would change this conclusion is if what you meant to you say when you write "<I>I earned income from a bank that is not my state of residence</I>" is that you actually physically worked at a bank in another state (as in held a job there), and received a W-2 or a 1099-MISC for your effort.&nbsp; In that case you would be considered as having "earned" income from that other state, and in this instance, yes, you would need to file at tax return and pay income taxes to that other state.<BR /></P><P>The distinction is key here between "passive" income and "earned" income, you see.&nbsp; Passive income of an investment portfolio nature is not subject to being taxed by a state that is not your home state of residence; whereas earned income is.</P><P>Thank you for asking this important question.</P><P></P><P> </P><P>If you have further questions, encounter any difficulties, or just want to speak with a live tax expert who can walk you through your TurboTax entries (including the ability to screen-share with your computer), please feel free to contact us.&nbsp; We would be happy to help you (and as a paying customer, the call is free to you).&nbsp; Here is a link where you can create a support ticket and reach us:</P> <P><A href="https://support.turbotax.intuit.com/contact/" target="_blank">https://support.turbotax.intuit.com/contact/</A> </P> <P></P><BR />Once again, we appreciate the opportunity to provide this answer.<BR /> Tue, 04 Jun 2019 22:49:55 GMT https://ttlc.intuit.com/community/state-taxes/discussion/no-you-do-not-need-to-file-a-tax-return-or-pay-income-t/01/449009#M19837 GeoffreyG 2019-06-04T22:49:55Z