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Need help determining which state is part Year resident and which state is part Year nonresident - SC gives me the choice to file as nonresident. I Lived in SC at end of 2017. Will I get a credit from SC for my NC return if I am part Year resident? I'm Having trouble allocating money correctly on TT. Can someone explain in a little detail how to do it? TT asks for allocations on each state return for my W2 income, bank interest, alimony received, and 1099 G for State refund in 2016: not sure how to allocate. Do I change the autopopulated fields on each return to match what was actually earned WHILE LIVING in each State? The 1099G income is wanting allocations also. Will I receive a credit for taxes paid to SC? Thank you for detailed response I appreciate any help 🙂
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You should file a part-year return for both NC and SC. Prepare your nonresident return first (NC) since you did not live in NC on December 31, 2017.
As you indicated, as a part-year resident of SC, you
may consider yourself a full-year resident or a nonresident.
Option 1. Full-year Resident. If you elect to file as a full-year resident, file SC1040. Report all your income as though you were a resident for the entire year. You will be allowed a credit for taxes paid on income taxed by South Carolina and another state. You must complete SC1040TC and attach a copy of the other state's income tax return.
This is the easiest approach since you don't have to prorate your income between the 2 states.
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