Nono-Pal
New Member

Is deferred compensation considered "source income" in Virginia if I receive it as a Florida resident?

Several years ago I lived and worked in Virginia.  Part of my compensation was deferred, to be paid sometime after I retired.  I am now retired and living in Florida.  I recently received the deferred compensation, from which Federal and Virginia taxes were withheld.  My question:  Is the deferred comp considered Virginia "source income" that must be declared on a Virginia Non-Resident tax return (Form 763)?  OR, is it not considered Virginia source income, because I received the income as a Florida resident and earned no wages in Virginia the year received?