Question: Lucia has a bank account at First Street Bank. She received Form 1099-INT, Interest Income, shown below. She has no other interest or dividends to
Answer choices are below the image.
A. Enter $1,400 on Form 540, line 16. Enter $1,400 on Schedule CA (540), Part I, Section A, line 2b, column
B. Enter $1,400 on Schedule CA (540), Part I, Section A, line 2b, column
C. She is not required to report interest from U.S. Savings Bonds.
Step by Step Solution
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To determine how Lucias interest income should be reported on her California tax return we can follow these steps Step 1 Understanding Form 1099INT Fo... View full answer
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