Solved: 1099-R: Retirement income from one state, but we live in another state. Box #13 shows resident state tax number. Do we pay resident state tax on nonresident retirement?
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1099-R: Retirement income from one state, but we live in another state. Box #13 shows resident state tax number. Do we pay resident state tax on nonresident retirement?

 
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Level 15

1099-R: Retirement income from one state, but we live in another state. Box #13 shows resident state tax number. Do we pay resident state tax on nonresident retirement?

If your resident state taxes retirement income on 1099-R forms, then yes...Resident state income and taxes.

You worked all your life for a company in NY, and then retired to New Mexico?   It's only taxed by New Mexico.

A 1099-R from anywhere is only taxed by your resident state.....Only exception is the year you moved....if you started getting retirement payments before moving, then you have to allocate the income to whichever state you lived in at the time the $$ were issued  (usually monthly) for that year.

*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*

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Level 15

1099-R: Retirement income from one state, but we live in another state. Box #13 shows resident state tax number. Do we pay resident state tax on nonresident retirement?

If your resident state taxes retirement income on 1099-R forms, then yes...Resident state income and taxes.

You worked all your life for a company in NY, and then retired to New Mexico?   It's only taxed by New Mexico.

A 1099-R from anywhere is only taxed by your resident state.....Only exception is the year you moved....if you started getting retirement payments before moving, then you have to allocate the income to whichever state you lived in at the time the $$ were issued  (usually monthly) for that year.

*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*

View solution in original post

New Member

1099-R: Retirement income from one state, but we live in another state. Box #13 shows resident state tax number. Do we pay resident state tax on nonresident retirement?

The nonresident state withdrew taxes from my retirement income.  What happens to that tax?? Do I file a return in the nonresident state to see if I get any back?

Employee Tax Expert

1099-R: Retirement income from one state, but we live in another state. Box #13 shows resident state tax number. Do we pay resident state tax on nonresident retirement?

Yes, you can file a non-resident return showing no income to get the tax back. Alert the company to withhold taxes for the proper state or none at all. You will want to either make estimated payments to the state or have extra taken from your job, social security, etc.

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