Open TurboTax

Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
Announcements
Your taxes, your way. Get expert help or do it yourself. >> Get started
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

cancel
Showing results for 
Search instead for 
Did you mean: 
g-sanchez5611
New Member

Do I owe GA state taxes on 401k money that was technically earned while working my old GA job BUT withdrawn while living in FL before I moved back to GA?

I moved from GA to FL in Oct. 2017. In Jan. 2018 (while living in FL) I withdrew the money from my 401K from my old GA job. Then I moved again BACK to GA ( a new job and city) in Sept. 2018. It was my understanding previously that since I withdrew the money while living in FL that I wouldn't owe GA state taxes on it. But since I moved back to GA again and am filing my 2018 taxes here in GA now, do I owe state taxes on the 401k money that was technically earned while working my original GA job BUT withdrawn while living in FL (where I lived almost a year)?

1 Best answer

Accepted Solutions
MichaelL1
Level 15

Do I owe GA state taxes on 401k money that was technically earned while working my old GA job BUT withdrawn while living in FL before I moved back to GA?

The 401K is taxable income to where you were a resident of when you took the withdrawal, which would be FL in your case.

So it would not be subject to GA tax, and it is not GA source income.

I earned my pension in 8 different states, but where I live at the time of the withdrawal determined what state can tax it.

View solution in original post

1 Reply
MichaelL1
Level 15

Do I owe GA state taxes on 401k money that was technically earned while working my old GA job BUT withdrawn while living in FL before I moved back to GA?

The 401K is taxable income to where you were a resident of when you took the withdrawal, which would be FL in your case.

So it would not be subject to GA tax, and it is not GA source income.

I earned my pension in 8 different states, but where I live at the time of the withdrawal determined what state can tax it.

About Community

Learn about taxes, budgeting, saving, borrowing, reducing debt, investing, and planning for retirement.

3.48m
Members

2.61m
Discussions

Manage cookies
v