Connecticut requires Special Accrual of income for part year residents and I was a resident of Connecticut for the first half of January until we moved to Florida. Does that mean I have to report all my pension and required minimum distribution 401K income as Connecticut Resident Period income (ie Column B on Schedule CT-1040AW") even though all the payments were received after Jan 17th.
You'll need to sign in or create an account to connect with an expert.
No, the special accrual does not apply to retirement income. There is a federal law that retirement income is only taxed in the state you are a resident of at the time you receive it, regardless of the source or where you worked.
No, the special accrual does not apply to retirement income. There is a federal law that retirement income is only taxed in the state you are a resident of at the time you receive it, regardless of the source or where you worked.
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
mj306
New Member
alison352
Level 1
LisaAnn1
Returning Member
blindguardian
Level 1
NewtDJ
New Member
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.