mskreddy
New Member

My previous employer issued W2 for the retirement funds with earnings showed for previous state than my current state

Hi,

I worked for a company in CA till 1/15/2019 and I got laid-off. All of the wages that I received from 1/1/2019 to 1/15/2019 have been reported to CA state.  I moved to TX from 1/1/19 (since I got lay-off notice in November of 2018) and stayed in TX through 3/24/19. While I am in TX, I received some of the defferred Compensation (Retirement funds) payment in February 2019 and my past employer reported them as wages earned in CA state. Should I report the deferred compensation retirement funds as income in TX or CA?

 

Thank you,

Sivakumar.

KarenM90
Intuit Alumni

State tax filing

If you are receiving retirement income from a business in your old state but you move to a new state, federal law says that your new state can tax your retirement income, but your old state can't.

 

That being said, since it was reported as California income, I recommend that you first try to contact your previous employer and have them amend the W2 or 1099R (whichever is how it was reported to you.)

 

If you cannot get it amended you will need to either include that income, as reported, on your California part year resident return, or consider it, correctly,  as Texas income, but be prepared to prove to the State of California that it was received while you were a resident of Texas.

 

Here is a link with more information:  Taxes and Moving to another state

 

 

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mskreddy
New Member

State tax filing

Thank you Karen. Really appreciate your time and help.

KarenM90
Intuit Alumni

State tax filing

You are Welcome!

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