401(K) distribution while in California used to move to Nevada

Forum|Forum|3 years ago
November 16, 2022
1 reply
15 views

BACKGROUND

I am over 59 1/2 and I took a 401(K )distribution at the beginning of the year while I was living in California with the goal to use the money to move and live in Nevada prior to June 30th. I moved to Nevada and registered prior to June 30th.

QUESTION:

Am I entitled to a refund on the California taxes that were withheld on my 401(K) distribution at the beginning of the year while I was living in California?

KarenL4

Level 6

Hi,

Sounds like you were a resident of California for part of 2022 and a resident of Nevada for the rest of the year. That would make you a California part-year resident, and you would need to file a California part-year resident return. As a part-year resident you pay tax on:

All worldwide income received while a California resident (including your 401K distribution)
Income from California sources while you were a nonresident

Here is some information from the CA FTB that also has some scenarios that may be helpful to you.

Sorry, I know that's not what you were hoping to hear, but my goal is to keep you on the right side of the CA FTB.

Please cheer below if this is helpful!

Best,

Karen

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