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Allocating different income sources between states
I have to file two state returns this year due to a move. Turbo Tax is bringing over two different amounts, under wages, from my federal return. Moving from Virginia to Arizona. My major concern is a IRA withdrawal I made right before the move for a down payment on my current residence in AZ. Can I choose which state the withdrawal falls under? I understand the wages/earnings (W2) will be allocated between both states however my IRA since it was a one time withdrawal I would prefer to allocate the full amount under AZ. Can I do this?
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March 24, 2025
11:30 AM