ErnieS0
Expert Alumni

State tax filing

Investment income is generally not taxable to nonresidents unless it is related to employee stock. NY unemployment received by a nonresident is taxable to NY.

 

If your investments are taxable to NY you can claim a credit on your PA return. Go to Credit for taxes paid to other states.

 

PA does not tax unemployment so you can't claim a credit for tax paid on unemployment. You'll have to manually adjust the numbers. For example, if your NY income was $10,000 and $8,000 was unemployment and $2,000 was investment income, then you would report $2,000 as income to PA for the tax  credit and 20% of the NY tax based on the income percentage ($2,000/$10,000).

 

Learn more: New York State Tax Treatment of Stock Options, Restricted Stock, andStock Appreciation Rights Receiv...

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