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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
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 report. How should this income be reported on Lucia's California tax return?
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.
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Step: 1
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...Get Instant Access to Expert-Tailored Solutions
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Step: 2
Step: 3
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