Solved: If I work in MN and live in WI, then take a cash distribution from my MN company's ESOP, is this distribution taxable in both states or just MN or just WI?

If I work in MN and live in WI, then take a cash distribution from my MN company's ESOP, is this distribution taxable in both states or just MN or just WI?

posted

Definitely taxable by your resident state of WI, which can tax ALL your income.

Probably also taxable by MN, since you earned the ESOP distribution in MN. See this MN reference:

https://www.revenue.state.mn.us/individuals/individ_income/Pages/How_Nonresident_Income_is_Taxed_by_...

**Answers are correct to the best of my ability but do not constitute tax or legal advice.

View solution in original post

Definitely taxable by your resident state of WI, which can tax ALL your income.

Probably also taxable by MN, since you earned the ESOP distribution in MN. See this MN reference:

https://www.revenue.state.mn.us/individuals/individ_income/Pages/How_Nonresident_Income_is_Taxed_by_...

**Answers are correct to the best of my ability but do not constitute tax or legal advice.

How to amend California state return because of 2020 Covid Disaster Distribution was included in both federal and state income when it should be only federal, correct?

Expert does your taxes

Do it yourself

Resources

Support

Expert does your taxes

Do it yourself

Resources

Support

Expert does your taxes

Do it yourself

Resources

Support

Expert does your taxes

Do it yourself

Resources

Support

If I work in MN and live in WI, then take a cash distribution from my MN company's ESOP, is this distribution taxable in both states or just MN or just WI?

If I work in MN and live in WI, then take a cash distribution from my MN company's ESOP, is this distribution taxable in both states or just MN or just WI?

If I work in MN and live in WI, then take a cash distribution from my MN company's ESOP, is this distribution taxable in both states or just MN or just WI?

Get more help

Do you have a TurboTax Online account?

If I work in MN and live in WI, then take a cash distribution from my MN company's ESOP, is this distribution taxable in both states or just MN or just WI?

Do you have an Intuit account?

If I work in MN and live in WI, then take a cash distribution from my MN company's ESOP, is this distribution taxable in both states or just MN or just WI?

If I work in MN and live in WI, then take a cash distribution from my MN company's ESOP, is this distribution taxable in both states or just MN or just WI?

Get more help

Related Content

Thank you for helping us improve the TurboTax Community!

Sign in to Turbotax

File your taxes, your way

Access additional help, including our tax experts

Post your question

Connect with an expert