topic State Tax Form Question in State tax filing

State Tax Form Question

gergthism — Tue, 19 Mar 2024 22:01:58 GMT

I downloaded several state forms because I have income from multiple states to submit. I am resident in one state and a non-resident in the other states. Unfortunately, TurboTax is adding all of my investment information every state's tax return. Is there a workaround?

Re: State Tax Form Question

JotikaT2 — Wed, 20 Mar 2024 04:01:12 GMT

I recommend going through the interview section for each of the nonresident states first. Depending upon the state, TurboTax will ask you how much of the investment information is related to the specific state as you proceed through the interview screens. You will need to do this for each nonresident state return.

Once you have made all of the adjustments in the nonresident states, you should go through the state interview questions for your resident state return. This will ensure you are only taxed on specific income items once, or are given credit for taxes paid to the other states on the same income.

Re: State Tax Form Question

Hal_Al — Wed, 20 Mar 2024 12:23:04 GMT

@gergthism said "Unfortunately, TurboTax is adding all of my investment information every state's tax return. "

It only appears that way. Almost every state "does it that way". They enter all your income. Then they enter you income sourced to that state and calculate a ratio to base the tax on. Follow the numbers on the form.

In TurboTax, you will reach screens where you allocate your income as sourced or not sourced in that state.