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Allocated Income based on Business
My husband worked from home (NJ) the entirety of 2022 but his company is based in NY. TurboTax is asking several questions which I'm having trouble with and hoping for someone's help:
1. It's asking me to enter the amount of federal income that was derived from NY sources. It gives me certain numbers for interest and dividend income under the federal income. Do I just copy the same numbers into the 'NY Source Portion' column? If not, how do I figure out what amount goes there?
2. It asks me the following: "Did you allocate your income to New York based on volume of business transacted". How do know if this is a yes or No?
Any wisdom on these would be really appreciated
‎April 1, 2023
2:52 PM