GeorgeM777
Expert Alumni

Get your taxes done using TurboTax

You need to make an allocation based on the time you were in NC versus the time in UT.  Some of the gain you realized relates back to the time you were in NC.  You could calculate the total number of months you owned the shares while you lived in NC, and then divide that number by the total of all months you owned the shares.  Convert the resulting number into a percentage and then multiply your gain by that percentage to determine how much of the gain to allocate to NC.

 

As @MonikaK1 discussed in a prior post, there is no need to file a NC return if you did not earn enough to meet NC's filing requirement.  Another way to handle this is to first determine what is the filing requirement for NC, and if you total gain is less than that filing requirement, you don't have to calculate the allocation expressed above.  Therefore, you could then just focus on preparing your UT return.  

 

@Julia22

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