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Live and work in NJ but have NY W2 due to RSU and accrued dividends. How to do NJ and NY state taxes in TurboTax?
Hi there,
My work location (the same company) was changed from NY to NJ after May 2019, i.e. I worked in NY but lived in NJ before May 2019, and have been working and living in NJ since June 2019.
I have two W2 forms for 2021, one for NJ and one for NY. There were a few paychecks for RSU vesting and accrued stock dividends paid in 2021. Federal tax, NJ tax, NY tax, etc. were deducted from those paychecks. In particular, regarding NY state tax,
- RSU 03/01/2018 (award date) - 03/01/2021 (vested date): x1 was deducted.
- RSU 02/01/2019 (award date) - 02/01/2021 (vested date): x2 was deducted.
- Accrued stock dividends 05/21/2019 - 02/01/2021: x3 was deducted.
- Accrued stock dividends 05/21/2019 - 03/01/2021: x4 was deducted.
So x1+x2+x3+x4 was deducted as NY state income tax and was reported in box 17 on the NY W2. Box 16 reports the total wage (this number is slightly smaller than that on the NJ W2). The other boxes are empty on the NY W2.
I am wondering if someone can advise how I should complete the NJ and NY state taxes in TurboTax. Thank you so much!