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Level 2
posted Apr 5, 2022 12:59:04 PM

Moved to a different state

Hi all,

 

I recently moved from a state with no income tax (TX) to a state with income tax (CO).  Had a couple questions about how to report my income:

 

  1. Am a part owner in an LLC that reports as a partnership.  We own several rental properties, all residing in Texas.
  2. Own a rental property as an individual also in Texas.

Do I report these as the state they exist in, or as part of my multi-state return based on where I reside?

 

Thanks!

0 1 338
1 Replies
Expert Alumni
Apr 5, 2022 2:13:12 PM

In general, residents pay income tax (if required) on all income regardless of source.  Nonresidents pay tax on state-source income (income form working or generated from property in the state).  In your case, because you are a part-year resident, you will only have to report and pay for the Texas rental income you earned while a Colorado resident.