When figuring credit for tax paid to another state on my New Mexico return, do I enter tax OWED to the other state, or tax PAID to the other state? (I overpaid the other state's taxes and will get a refund that will be taxed as NM income next year.)
you should have done your nonresident state first, so the proper credit carries yo your resident state computation. what you enter, if it's even needed even, is your tax liability in that other state on income taxed by both states. this may be neither the amount owed or paid. you didn't specify the other state so we can tell you what line the tax liability is on.
