I have interest on a 1099- from a TIME Deposit in another state. DO I have to file a tax return for that state?

[msoohooh]

It is less than $250

[ToddL · Accepted solution]

No, you do not have to file a tax return for that state.

Income from financial assets (e.g. stocks, bonds, deposit accounts) is considered as sourced where you maintain your residency and receive the income.