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NY/IL Allocation of Deferred Income
During 2019 I received 4 installments of quarterly deferred income payments from a previous Illinois employer. All income was deferred while I lived and worked in Illinois. I was a part-year resident of Illinois and New York City during 2019 when I received the income. W-2 shows state tax withheld in both IL and NY. How do I allocate the income to state? Are both states going to tax the income? Seems like double taxation if they do, no?
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March 3, 2020
8:47 AM