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    tttanya's Avatar
    tttanya Posts: 8, Reputation: 1
    New Member
    		  
    #1

    Mar 16, 2007, 12:48 PM
    Checking account interest 1040 NR and state tax
    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's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
    		  
    #2

    Mar 19, 2007, 11:07 AM
    Tanya:

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