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zfujimoto
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How do I decide which state to declare my dividends and long-term capital gains off my 1099-Div? (Filing 2 state returns)

 
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How do I decide which state to declare my dividends and long-term capital gains off my 1099-Div? (Filing 2 state returns)

If you moved from one state to another state, and can't readily determine which state the dividends and capital gains were earned in, then do an allocation based on the time in each state.

So for example, say the first 3 months I lived in State A and them moved to State B for the rest of the year.

I would allocate 1/4 to State A of the dividends and capital gains and 3/4 to State B.

This a perfectly acceptable method of allocation.  

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2 Replies

How do I decide which state to declare my dividends and long-term capital gains off my 1099-Div? (Filing 2 state returns)

If you moved from one state to another state, and can't readily determine which state the dividends and capital gains were earned in, then do an allocation based on the time in each state.

So for example, say the first 3 months I lived in State A and them moved to State B for the rest of the year.

I would allocate 1/4 to State A of the dividends and capital gains and 3/4 to State B.

This a perfectly acceptable method of allocation.  

How do I decide which state to declare my dividends and long-term capital gains off my 1099-Div? (Filing 2 state returns)

This makes sense and I was able to allocate those items on the for my North Carolina return, but not my PA return. The PA return offered that option for interest, but not dividends or Capital Gains. Is there a glitch?
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