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tttanya
Mar 16, 2007, 12:48 PM
Hi all,

If we exclude the checking account interest on form 1040 NR (nonresident alien)
Do we need to include it if we file a resident state tax (CA 540) on our state tax return.

Thanks, Tanya

AtlantaTaxExpert
Mar 19, 2007, 11:07 AM
Tanya:

If the interest is exempt from federal taxes, it is also exempt from state taxes as well.