https://ttlc.intuit.com/community/state-taxes/discussion/i-live-and-work-in-wisconsin-and-also-have-some-income-from-california-i-don-t-know-where-to-deduct/01/422445#M18636 <P>Turbo Tax doesn't say anything about income (from installment sale of business property) from one state while living in another. According to Turbo Tax, I've completed my Wisconsin return, but I haven't found any reference to income from another state, for which tax will be due in that state instead of Wisconsin.</P><P>I suspect when I do the California return, I'll run into the same problem.<BR /></P> Tue, 04 Jun 2019 21:15:47 GMT lvhaccounts 2019-06-04T21:15:47Z https://ttlc.intuit.com/community/state-taxes/discussion/i-live-and-work-in-wisconsin-and-also-have-some-income-from-california-i-don-t-know-where-to-deduct/01/422445#M18636 <P>Turbo Tax doesn't say anything about income (from installment sale of business property) from one state while living in another. According to Turbo Tax, I've completed my Wisconsin return, but I haven't found any reference to income from another state, for which tax will be due in that state instead of Wisconsin.</P><P>I suspect when I do the California return, I'll run into the same problem.<BR /></P> Tue, 04 Jun 2019 21:15:47 GMT https://ttlc.intuit.com/community/state-taxes/discussion/i-live-and-work-in-wisconsin-and-also-have-some-income-from-california-i-don-t-know-where-to-deduct/01/422445#M18636 lvhaccounts 2019-06-04T21:15:47Z https://ttlc.intuit.com/community/state-taxes/discussion/when-you-live-in-one-state-and-have-income-that-is-taxabl/01/422455#M18639 <P>When you live in one state and have income that is taxable in another, both states will tax the income.&nbsp; However, your resident state will give you a credit for the tax you pay to the other state on the same income.&nbsp;&nbsp;</P><P>Prepare a California&nbsp;<I>nonresident&nbsp;</I>return first.&nbsp; California will only tax the portion of income that is&nbsp;<I>allocated,&nbsp;</I>or designated, to California.&nbsp; (In this case, if it is an installment sale of business property, you might have to enter it in manually on the California&nbsp;<I>allocation&nbsp;</I>screens).&nbsp; However, once California figures out the tax on that income, the information is transfered over to your Wisconsin return.</P><P>Wisconsin taxes all of your income because your resident state is allowed to tax all of your income regardless of where you earn it.&nbsp; However, you will see a section dealing with "Credit for Taxes Paid to Another State".&nbsp; You should see the amount of income and California tax in this section.&nbsp; Wisconsin will give you a credit for the smaller of what California is taxing the income, or how much Wisconsin would tax the same income if the income was earned only in Wisconsin.</P> Tue, 04 Jun 2019 21:15:48 GMT https://ttlc.intuit.com/community/state-taxes/discussion/when-you-live-in-one-state-and-have-income-that-is-taxabl/01/422455#M18639 DanielV01 2019-06-04T21:15:48Z