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Old 04-12-2007, 04:06 AM
Katie
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Default Re: MA State Tax: How to not include bank interest

"Samik R." <s...[at]frKKshKll.org> wrote:

- quote -

> Following is what I am doing in Schedule-B:
> Line 1: XXX (This is the only interest I have obtained,
> and while at CO)
> Lines 2-3: 0
> Line 4: XXX
> Lines 5-6: 0
> Line 7: XXX
> Line 8: 0
> Line 9: XXX
> What am I missing in either Schedule-B or 1-NR/PY?
> Mass tax forms are waaaay complicated than other states I
> have filled (CO,WI,VT) :-(


Well, I certainly feel your pain <G> . These forms are a
bear.

You subtract the interest income received while a
nonresident on Line 6 of Schedule B. See the Instructions
for Form 1-NR/PY, p. 28.

Katie in San Diego

<< ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ------------------------------------------------------- >
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Old 04-09-2007, 06:51 AM
Samik R.
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Posts: n/a
Default MA State Tax: How to not include bank interest

Hello,

Following is what I am doing in Schedule-B:
Line 1: XXX (This is the only interest I have obtained,
and while at CO)
Lines 2-3: 0
Line 4: XXX
Lines 5-6: 0
Line 7: XXX
Line 8: 0
Line 9: XXX

What am I missing in either Schedule-B or 1-NR/PY?

Mass tax forms are waaaay complicated than other states I
have filled (CO,WI,VT) :-(

Thanks.

<< ================================================== ===== > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== >
 

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bank, include, interest, state, tax
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