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Level 1
posted Mar 3, 2021 1:35:16 PM

Reporting pension received in two different states

My husband and I moved from GA to NC in August 2020. The 1099R forms we received show the GA as the state on the form and the Turbo Tax section where I entered the info now shows the state summary as both GA and NC with the total income and total withheld (for GA). Do I need to prorate the state sections on the pensions or does Turbo Tax allocate each state based on the move date?

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1 Replies
Expert Alumni
Mar 3, 2021 1:53:17 PM

Yes, you will need to allocate the pension for the amounts received in Georgia and North Carolina.  If you have not done so already, make sure the pension changes the state withholding if needed.  Part-Year residents pay tax on pension funds only received while residing in the state.