Part-year Resident

kwbaity — Sun, 07 Mar 2021 21:06:57 GMT

If you lived in one state for part of the year and then moved to another state for the rest of the year, how do you calculate the dividend from the 1099-DIV that is to be applied to each state?

Re: Part-year Resident

ToddL99 — Mon, 08 Mar 2021 00:00:58 GMT

If you know when the dividends were paid (usually every quarter), then allocate them based on where you were living at the time they were paid to you.You can check with your investment firn/bank/brokerage to see when the dividends were paid.

Otherwise, allocate the total based on the percentage of time you lived in each state. For example, if you had $1000 in dividends and lived in one state fo4 4 months, then that state would have (4/12) X $1000 = $333 of your 2020 dividend income; the other state would have the rest of the dividend income, i.e. $667.

topic Part-year Resident in State tax filing

Part-year Resident

Re: Part-year Resident