IDENTIFY SOURCE STATE FOR BANK 1099-INT

ddranalli · ‎February 17, 2026

I am filing for a Grantor Trust established in 2025 and governed by the laws of NJ. The Grantor's NJ home was sold in 2024 and she was placed in a memory care facility in NJ. The Trust address is the PA residence of the Trustee/POA. There is no State indicated on the Bank 1099-INT. What State is considered the 'Source' of the income?

LindaS5247

If your Form 1099-INT does not list a state in Box 15, then the income is generally sourced to your state of residence.

Interest income is typically taxable in the state where you live, not where the bank is located or where the account was opened. If there is no state tax withheld in Box 17, you can also leave the state blank.

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