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Level 1
posted Mar 23, 2020 8:32:25 AM

Where all do I account for my 1099-INT as a part year resident of MS

I have a 1099-INT that I'm trying to figure out where I'm supposed to account for on form 80-205 MS part-year resident. I'm not sure if I'm supposed to include the 1099-INT on form 80-107 or not because that's technically for income and it says to include 1099s. However the part that's confusing me is that on line 43 of form 80-205 I'm supposed to include interest income. To me that would be like getting taxed at least twice for the same income if I had to account for it in both places (line 38 and line 43 of form 80-205). Another point I need help on is I moved out of MS  to IN in September but was still earning interest from the bank in MS while I was a resident of IN. Am I supposed to claim all that interest as MS only income  as well as total income from all sources or do I need to figure out how to prorate it for the time I was living in IN on line 43 of form 80-205? This has been terribly confusing.

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1 Replies
Expert Alumni
Mar 23, 2020 8:53:35 AM

Form 80-107 is the withholding form. See the pdf here.  https://www.dor.ms.gov/Forms/80107168.pdf

 

Line 43 of the MS part-year return specifically asks for interest income. Enter it there. Form 80 205