Question

Interest income in NY IT-203 New York Source income

Forum|Forum|6 years ago
February 29, 2020
1 reply
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I live in NJ but work in NY.

When filling out the IT-203 tax form for non-New York residents, in the "Federal income and adjustments" section I allocated 100% of my wages as being earned in NY.

But what happens to other income such as interest from savings bank accounts, investments, etc.? For example, I earned $500 in interest from my online savings bank. In the federal income column under "Taxable interest income," I put $500. Do I also put $500 in the New York column?

Not A Product Question

M

MAK70

No, if you are a New Jersey resident, you would enter zero for interest. See New York Source Income of Nonresident Individuals for New York source income.