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msoohooh
New Member

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

It is less than $250
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ToddL
New Member

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

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. 

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ToddL
New Member

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

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. 

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