Hi Lena,
Thank you for your response! I need a bit of clarification on a few items mentioned:
7. On the page Yonkers Sourced Income, answer Yes if you earned Yonkers sourced income while not a resident of Yonkers (during 10/15-12/31) or answer No if you did not earn Yonkers sourced income while not a resident of Yonkers.
We were non-residents of Yonkers from 1/1/2020-10/14/2020 instead of the 10/15-12/31mentioned above. Also, my job was located in Yonkers, NY for the entire year so wouldn't the answer to this question be Yes?
9. On the Allocate City Income screen, you will have to allocate the income you received (such as interest and dividends) that were received throughout the year, including while you were a Yonkers resident. Since you moved in mid-October, you would use .5 month for October and a full month for November and December. This is 2.5 months/12, which would be an allocation factor of approximately 20.8%. Multiply this by the amounts in the federal column. For items that were strictly not Yonkers sourced, you can enter $0. For items that were completely Yonkers sourced, enter the full amount.
Is this a Yonkers residency question, a Yonkers Sourced income question, or both? I understand that we should allocate my wages received by a factor of 20.8% because we were only residents for 2.5 months of the year. This I understand but what if my entire wages were completely Yonkers sourced? How does the 20.80% come into play?
Would my husband have to allocate his wages as well? His wages were sourced from NYC, not Yonkers. I'm assuming the selection for this part of the return would be "Don't allocate this employer".
