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-   -   Part year resident for MA : bank interests (https://www.askmehelpdesk.com/showthread.php?t=20220)

  • Feb 9, 2006, 03:19 PM
    Catseyes
    Part year resident for MA : bank interests
    Hello,

    The instructions for form 1-NR/PY ( I am a Mass. Part-year resident) say on page 9:

    "Income: Lines 5 through 11, 24, 27 and 28
    If you earned only a portion of the income you reported on your U.S. return while you were a Massachusetts legal resident, subtract from your U.S. income the amount earned and received while you were legally domiciled in another state or country. However, you may be required to include all income derived from Massachusetts sources earned while you were a nonresident. "

    I did bank interests when I lived in MA, then I closed all accounts when I moved to CT. So I know exactly how much interests from forms 1099 INT was made when I was lived in MA.

    However, the tax software I used automatically added ALL interests on line 24 (Other Interest and Dividend Income).

    What am I supposed to do ? Override the value in the software ?

    Thanks for your help.
  • Feb 9, 2006, 07:42 PM
    AtlantaTaxExpert
    Cateyes:

    In this case, yes, you should over-ride the tax software on the MA return.

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