How do I know if I need to file anything for NH State tax?

[avigo45]

I am new to living in NH. NH has no income tax on wages and salaries but there are two options to file: "Interest and Dividends" and "Business income". 

I have schedule C income, a 1099-DIV for a retirement fund and a 1099-INT for savings account filed on my federal return. None of it directly transferred to a state return as far as I can see.

Do any of these require filing a NH State return? How do I know if there is anything else on my federal that I need to file on my state? 

[avigo45]

A few notes to add:

• My schedule Cs are just me as an individual, not an LLC or anything. 
• The 1099s are also just individual accounts 

[DianeW777]

It depends. If you are required to file on your interest and dividends TurboTax has the Form DP-10.

New Hampshire does not tax individuals' earned income. The state only taxes interest and dividends at 5% on residents and fiduciaries whose gross interest and dividends income, from all sources, exceeds $2,400 annually ($4,800 for joint filers).

• New Hampshire Filing Requirements
• New Hampshire Forms and Instructions 
  • Forms available in TurboTax

The Business Profits Tax: Any business organization, organized for gain or profit carrying on business activity within the State is subject to this tax.

• Business Profits Tax (BPT) Reported separately

[avigo45]

@DianeW777 If I was required, wouldn't that taxable income automatically be transferred to the state return? I am not seeing that. I do not believe my gross gross interest and dividends exceeded that threshold. 

For business income, I file my schedule Cs (I have two) as a sole proprietor, not a structured business (LLC, etc). Would that still be considered income I need to report on a state return?

Thank you

[DianeW777]

Yes, if you do not meet the thresholds for interest and dividends you are not required to file. Likewise if you don't meet the gross income threshold in your businesses of $103,000 for 2023, you would not be required to file.

@avigo45 

[avigo45]

Thanks again.

Is there a reason these thresholds aren't mentioned in the software?

@DianeW777

[avigo45]

@DianeW777 Quick followup question:

If I do not meet those thresholds, do I simply just not file an NH return at all, or should I file them with just "0"?

Thanks

[DianeW777]

No, you would not file them at all.  At lease most State Department of Revenue as well as the IRS do not want unnecessary returns.

@avigo45