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Level 2

Question

Mass bank interest

2 replies
25 views

Should interest from TD Bank, be excluded from Massachusetts interest? It's on the federal return, but is being excluded from the Mass state return. I'm guessing all of it is taxable.

Alumni - Intuit

After entering the 1099-INT continue to the following screen Do any of these uncommon situations apply? and check the box My state doesn't tax all of this interest

Up to $100 ($200 on a joint return) of interest from savings deposits or savings accounts in Massachusetts banks is deductible from gross income.

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MaraniAuthor

Level 2

Yes. Thank you for your help. All set.