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Rodkaubs
New Member

I am a part-time resident, When entering the amount of Qualifying Pension & Annuity, do I have to pro rate the amount based on the number of months in that state??

 
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KatrinaB
Intuit Alumni

I am a part-time resident, When entering the amount of Qualifying Pension & Annuity, do I have to pro rate the amount based on the number of months in that state??

Yes, you allocate your qualifying pension and annuity income to the state you were a resident of when you received it. You can divide the income by 12 and then multiply that amount by the number of months you were in the respective state.

Please view the TurboTax FAQ below for more information about allocating unearned income.

https://ttlc.intuit.com/replies/4777389

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1 Reply
KatrinaB
Intuit Alumni

I am a part-time resident, When entering the amount of Qualifying Pension & Annuity, do I have to pro rate the amount based on the number of months in that state??

Yes, you allocate your qualifying pension and annuity income to the state you were a resident of when you received it. You can divide the income by 12 and then multiply that amount by the number of months you were in the respective state.

Please view the TurboTax FAQ below for more information about allocating unearned income.

https://ttlc.intuit.com/replies/4777389

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