You'll need to sign in or create an account to connect with an expert.
Not usually. Most (if not all states) consider interest and other investment/ unearned income to be allocable to your resident state. However, there could be an exception if the interest is related to a business which operates in your nonresident state.
If you are asked to allocate income to the nonresident state, do not allocate the interest unless there is something special about the interest. If there is, you will need to inform us of the state and situation in further detail so we can pass along targeted guidance.
Not usually. Most (if not all states) consider interest and other investment/ unearned income to be allocable to your resident state. However, there could be an exception if the interest is related to a business which operates in your nonresident state.
If you are asked to allocate income to the nonresident state, do not allocate the interest unless there is something special about the interest. If there is, you will need to inform us of the state and situation in further detail so we can pass along targeted guidance.
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
leftyjao
New Member
vze56v6x
Level 2
usersilverstarg
New Member
g213
Level 1
trailgirl
Level 2
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.