@Lindsay55541 Well, it's probably not quite that easy...but TTX certainly attempt to make it so.
You enter your move from NC-to-SC in the "My Info" section if you are using the Online Software (Personal Info section with the desktop software). You do that as a part of editing your own details.....and if you have a spouse, you do it for the spouse too...since spouse's don't always move...there are some that maintain separate state residences for a few years.
Indicating the move will trigger the Part-Year tax return for NC. For NC, the part-year also includes the nonresident tax return too for that part of the year you worked in SC. BUT...SC does things differently, for part year residents of SC, you will have to choose whether to file as a full-year SC resident, or as a full year Non-resident.
Don's start either state's tax return until you have every scrap of information entered in the Federal section. And I mean every scrap......because you will need to break out what sub-portion of the Federal income, is NC income,
For NC , All your income during January is NC PY income. Work income, dividends, interest, Investment income. (yep, you'll need your monthly records). Then the 11 months of work income is also put in as NC income as a nonresident (there are separate columns in the software to allocate those amounts).
Then for SC, as a part year resident of SC, you will have to choose whether to file as a full-year SC resident, or as a full year Non-resident. IF done as a Full-year SC resident the entire year's income is used to calculate a tax, and then they allow you to take a credit for the taxes you paid to NC for that one month of January OR...you file as a full-year non-resident and just report all the income you received while a resident of SC for 11 Months. I have no idea which works best.
For what SC says about that, see the Part-Year info on page 6 , rt-hand column of:
https://dor.sc.gov/forms-site/Forms/IITPacket_2018.pdf
Plan on spending 3-4 weeks working on those allocations....it may be confusing, and you may need to rework the allocations several times before attempting to file. IF it gets too hard to figure out...get a local tax pro to do it this year for you
____________*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*
