I have a savings account that accrues interest in a bank in NC but I live in MD and make my salary in MD. Do I need to file a NC return on the interest or MD return?

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1 Best answer

Level 15

Jun 6, 2019 4:47:36 AM

You report the interest income on the resident return of MD, and do not need to file a NC return if that was your only income there.

If you are a nonresident, you must file if:

you received income for the taxable year from North Carolina sources that was attributable to ownership of any interest in real or tangible personal property in the State or derived from a business, trade, profession, or occupation carried on in North Carolina, or is derived from gambling activities in this State and your total income from all sources both inside and outside the State, exceeds the amount for your filing status shown in the Filing Requirements Chart. Which starts at $8,250 for a single person and goes up.
Source: http://www.dor.state.nc.us/taxes/individual/filing.html

Level 15

Jun 6, 2019 4:47:36 AM

You report the interest income on the resident return of MD, and do not need to file a NC return if that was your only income there.

If you are a nonresident, you must file if:

you received income for the taxable year from North Carolina sources that was attributable to ownership of any interest in real or tangible personal property in the State or derived from a business, trade, profession, or occupation carried on in North Carolina, or is derived from gambling activities in this State and your total income from all sources both inside and outside the State, exceeds the amount for your filing status shown in the Filing Requirements Chart. Which starts at $8,250 for a single person and goes up.
Source: http://www.dor.state.nc.us/taxes/individual/filing.html