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Returning Member
posted Jun 3, 2019 4:59:10 PM

Do I have to report capital gains, pension, social security amounts for the time I lived in the state as a part-time resident?

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1 Best answer
New Member
Jun 3, 2019 4:59:16 PM

Yes, when you file a part-year return, you must allocate your income to each state according to when it was received.  For example, you receive a certain amount per month for Social Security.  The months you received it while you were living in CO are allocated to CO.  If you don't know exactly when you received it, you could look at your checkbook to see when you entered the deposit. 

4 Replies
Level 7
Jun 3, 2019 4:59:11 PM

"part-time"  or "part year"?

Returning Member
Jun 3, 2019 4:59:13 PM

Sorry, should read part-year.  The central question is, the amounts for each category above were received while living in Colorado.  Not earned in Colorado.  Do I still report those amounts in the state return.  If so, what portion?  thanks

Level 7
Jun 3, 2019 4:59:15 PM

You split them based on how much you received while you were a Colorado resident.  Pension, Social Security, and capital gains from selling something are all easy to classify.  Stuff like interest and dividends can just be split by the length of time in the respective states.

New Member
Jun 3, 2019 4:59:16 PM

Yes, when you file a part-year return, you must allocate your income to each state according to when it was received.  For example, you receive a certain amount per month for Social Security.  The months you received it while you were living in CO are allocated to CO.  If you don't know exactly when you received it, you could look at your checkbook to see when you entered the deposit.