DawnC
Expert Alumni

State tax filing

Allocating unearned income is pretty straightforward: just allocate it to the state you were a resident of when you received it.   Here are some examples of how to allocate earned and unearned income.   So, yes, you should handle the dividends the same way as the 1099-B - you have to figure out when you received the dividends proceeds; you should be able to get dated transactions to help you allocate the dividends between NC and UT.    

 

Enter everything on the federal return.  TurboTax transfers all income to the state returns.  When you go through the part-year return state interviews, you will be able to remove or add amounts that were transferred from the federal return.   Look for Income Adjustments (additions or subtractions) or Let's see how NC/UT handles income differently screens to adjust for state tax-exempt amounts.  

 

Preparing Part Year Returns

 

Filing Returns in Multiple States

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