DaveF1006
Expert Alumni

State tax filing

 

@kcampbell13   To get an answer for your question, there is a question in the Virginia state tax return as you prepare it. There is a screen that deals with Part-Year Allocation. In this screen it states that you should enter a portion of the IRA distribution earned or received while a Virginia resident.

 

In reading the learn more link, It suggest allocating the distribution to the time that you lived in Virginia, which would begin on the date you became a Tennessee resident. So let's use March 15 for sake of argument. If you count all the days from 01/01 to 03/15, for a total of 74 DAYS.

 

Now say if you have a $20,000 distribution. To determine your VA allocation you will take $20,000 X 74/365 = $4055. This is what you record for your Va allocation and you may be taxed on that amount If you are over the filing threshold for Virginia.

 

Your numbers will be different but I only mention this to illustrate how the Virginia part year allocation will work.

 

 

 

 

 

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