PA Schedule AB Interest Income Portal State Pa Us Form
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FAQs
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For a resident alien individual having farm income in the home country, India, how to report the agricultural income in US income tax return? Does the form 1040 schedule F needs to be filled?
The answer is yes, it should be. Remember that you will receive a credit for any Indian taxes you pay.
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According to instructions, if you earn less than $1,500, say $15 in interest, you don't have to fill out a Schedule B--if it's ordinary income, where do you put it on the new forms? (I know the government won't give up a penny in tax.)
If you have less than $1500 in interest income, and do not attach Schedule B, you should report your total taxable interest directly on Form 1040, Line 2b.
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