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When moved during the year, How to prorate income for the state tax returns?
Hi, My timeline:
I was living in NJ.
Graduated in April.
Start work in May ( start earning and get relocation money and sign on bonus)
MOVE to WA in July.
For NJ tax return, turbotax ask me about how much I earned while living in NJ. My question is:
1. For the relocation and signon bonus, should I split it like 3/7 for NJ ( because i worked for the comapy for 7 monthes last year and 3 month happened in NJ)? Or should the whole amount of relocation and signon bonus be for NJ tax return?
2. should I just report all the salary paid to me through May to July for NJ? Or should I also prorated the July part ( as I moved and lived in WA in July)
Thank you.
March 5, 2022
10:12 PM