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TN part year resident dividend / interest question
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State tax filing
You are correct that you do not have to pay Tennessee state income taxes (Hall Tax), on your interest and dividend income, that was received during the portion of the year you were a nonresident of Tennessee.
In order to correctly calculate your Tennessee Hall Tax return, however, you will need to make some manual calculations, and then enter an "adjustment" to your Tennessee interest and dividend income.
We detail how to do that for another part-year Tennessee resident, in a more complete explanation, at the following clickable link:
https://ttlc.intuit.com/questions/3787652
Thank you for asking this important question.
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State tax filing
The link shown in the answer to this question does not work. Can you provide another method for accessing the information?
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State tax filing
As you go through TN, it says Confirm This Dividend Income is Nontaxable
Is this ALL nontaxable? Mark No
Enter any adjustments:: See below
Determine the TN adjustment:
TN income divided by total income = x%. Multiply x% times your interest. That is your TN interest. Subtract that from the total and enter that difference as the adjustment.
Example: Earned $50,000 in TN divide by total income earned everywhere $500,000 = 10%
Take the 10% times total interest of say $30,000 = 0.1 x 30,000 is $3,000 TN income.
This makes the adjustment $30,000-$3,000 = $27,000 adjustment
Here is the TN return with instructions.
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