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March 21, 2021
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Taxes on non-qualified Deferred Compensation distribution paid in CA and GA but I live in CA. Do I have to file a state return in GA for the taxes paid there?

  • March 21, 2021
  • 4 replies
  • 32 views
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    Best answer by ReneeM7122

    I just received a note asking if my inquiry has been resolved.  To this point I have not received a response to my clarifying question asked on Monday.  Please provide the answer to that question.  Thank you.


    Yes, you need to file a GA state tax return if you want to recover the taxes that you paid to that state.  Here is a TurboTax article about figuring out what is owed to you when you pay taxes to multiple states.

     

    4 replies

    MaryK4
    Alumni - Intuit
    March 21, 2021

    A Georgia nonresident, who receives deferred compensation that was earned in Georgia in a prior year is required to pay tax on the income, but only if the prior year’s income exceeds the lesser of: 1) 5 percent of the income received by the person in all places during the current taxable year; or 2) $5,000.

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    CobbLBCAuthor
    Level 2
    March 22, 2021

    Thank you.  For clarification, I have paid tax on the deferred comp revenue in GA and in CA.  I have only resided in CA in 2020 and I will file a state tax return for 2020 in CA.   My question is whether I also need to file a state return in GA as well, as a result of receiving this W2 for GA which shows the taxes paid in GA.

    CobbLBCAuthor
    Level 2
    March 24, 2021

    I just received a note asking if my inquiry has been resolved.  To this point I have not received a response to my clarifying question asked on Monday.  Please provide the answer to that question.  Thank you.