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Retirement tax questions
If you will be doing an NC nonresident tax return.....ALL your Federal income will be dumped into the NC nonresident tax return "at first".....BUT...you will be able to remove most of that income from NC taxation during the NC nonresident interview. You will be able to make most of the NC allocation fields to be zero's, except for the rental and investment fields.
But get every scrap of Federal Income in first...and all Federal Deductions&Credits too....everything, and error checked...then do the NC Nonresident to do the income allocations....then SC resident last.
____________*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*
March 10, 2021
4:52 AM