topic Credit for taxes paid to another state in State tax filing

Credit for taxes paid to another state

bcb4wd1 — Mon, 13 Apr 2020 18:46:00 GMT

Do I have to pay for the 2nd state to get the information need for Credit for taxes paid to another state. Is there a way to separate the figure and manually enter on my home state return. Ridiculous to have to pay $44 for a piddley little capital gain.

Re: Credit for taxes paid to another state

AmyC — Mon, 13 Apr 2020 19:06:41 GMT

Yes, if you need to file the additional state return. Each state has different filing requirements. If it is a state with a minimum filing, you may not need to file the state and the tax would be zero.

If you would like to reply with the state, we can check the filing requirements or you can contact the Department of Revenue.

When you take a credit for other states, usually, your resident state requires a copy of the other state. We provide that when e-filing.

Re: Credit for taxes paid to another state

bcb4wd1 — Tue, 14 Apr 2020 12:02:50 GMT

I had a capital gain of 7k for RE in VA, NC is the home state. Our AGI is 78K.

Thanks

Re: Credit for taxes paid to another state

JamesG1 — Tue, 14 Apr 2020 18:25:03 GMT

Virginia Department of Taxation states that a Virginia nonresident is a person who is not a resident or part-year resident, but who receives taxable income from Virginia sources. Nonresidents file form 763.

You must file an income tax return in Virginia if:

You are a resident of Virginia, part-year resident, or a nonresident, and
You are required to file a Federal income tax return, and
You have Virginia adjusted gross income equal to or greater than the amounts below:
Singe or married filing separately $11,950
Married filing jointly $23,900