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State Taxable Income Incorrect
In my specific case, it's North Carolina, but I have talked to others in other states that are having this same issue.
I lived in North Carolina all year, but the stock I was awarded in CA vested, so I had CA Income and had to pay CA Tax.
For ease: (Fake Numbers)
- FIT Taxable: $50,000
- CA Taxable Income: $25,000
- NC Taxable Net Income: $50,000
Shouldn't the NC Taxable net income be $25,000 since half of the money I made was in CA and I was taxed? Why would NC get to tax it again?
‎January 24, 2024
4:37 PM