Hi Thomas:
After standard deduction...etc., MO is including my Texas income in the "Missouri Taxable Income" (Ex: $100) but during computation of Tax liability it is adjusting the tax liability by the % of Total income gotten from Missouri (Ex: If MO Tax liability is $10 and the amount of Missouri income compared to Federal AGI is 40% then it is asking to pay 0.4 x 10 = $4).
When I go to KS return on Turbo tax , it asks "Income Taxed by Missouri". Although MO computes tax on $100 but it is adjusting the liability computation to % of MO income as compared to Federal AGI. Hence, should I need to adjust Missouri taxable income by the % MO tax liability? Otherwise, I will be paying tax on Texas income obtained before Sept 15th which has no connectivity to Kasnas
Regards,
Giri
