372369
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

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

lmdconsultingser
Returning Member

Do I have to report capital gains, pension, social security amounts for the time I lived in the state as a part-time resident?

 
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Best answer

Accepted Solutions
Anita01
New Member

Do I have to report capital gains, pension, social security amounts for the time I lived in the state as a part-time resident?

Yes, when you file a part-year return, you must allocate your income to each state according to when it was received.  For example, you receive a certain amount per month for Social Security.  The months you received it while you were living in CO are allocated to CO.  If you don't know exactly when you received it, you could look at your checkbook to see when you entered the deposit. 

View solution in original post

4 Replies

Do I have to report capital gains, pension, social security amounts for the time I lived in the state as a part-time resident?

"part-time"  or "part year"?
lmdconsultingser
Returning Member

Do I have to report capital gains, pension, social security amounts for the time I lived in the state as a part-time resident?

Sorry, should read part-year.  The central question is, the amounts for each category above were received while living in Colorado.  Not earned in Colorado.  Do I still report those amounts in the state return.  If so, what portion?  thanks

Do I have to report capital gains, pension, social security amounts for the time I lived in the state as a part-time resident?

You split them based on how much you received while you were a Colorado resident.  Pension, Social Security, and capital gains from selling something are all easy to classify.  Stuff like interest and dividends can just be split by the length of time in the respective states.
Anita01
New Member

Do I have to report capital gains, pension, social security amounts for the time I lived in the state as a part-time resident?

Yes, when you file a part-year return, you must allocate your income to each state according to when it was received.  For example, you receive a certain amount per month for Social Security.  The months you received it while you were living in CO are allocated to CO.  If you don't know exactly when you received it, you could look at your checkbook to see when you entered the deposit. 

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question