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P
pei-chi-chen
February 20, 2025
Question

I lived in two different states. I made interest on one account in only one state when I go to edit the full amount for one state the "federal interest" changes to zero.

  • February 20, 2025
  • 1 reply
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Why is the "federal interest amount" changing to zero and does that mean I am doing something wrong?

    1 reply

    M
    MayaD
    February 20, 2025

    Are you allocating the interest income on your state returns? 

     

    If you lived in two states, you need to file part-year returns for both states(assuming both have income tax). You will allocate your income between the two states. 

    Interest income is unearned income, allocate it to the state you were a resident of when you received it.

    How do I file a part-year state return?

    How do I allocate (split) income for a part-year state return?

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