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I live in NY and work in NJ, but am partially hybrid (so sometimes work in NY). My company has split the allocation so that it is 66% in NJ and 33% in NY, so I am creating my NJ non-resident return first indicating that 2/3 of my income is attributable to NJ, and 1/3 to NY.
There is a section in TurboTax about attributing "net interest income" to NJ vs. NY. How should I do that allocation? 100% to NY, or 2/3 to NJ and 1/3 to NY?
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Interest income from banks or from investments is always treated as being from the state that you live in. It has nothing to do with how your W-2 wages are allocated. You should allocate the interest 100% to New York.
Interest income from banks or from investments is always treated as being from the state that you live in. It has nothing to do with how your W-2 wages are allocated. You should allocate the interest 100% to New York.
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