2982754
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

Do I have to file Mississippi state tax forms if I only earned dividends and interest income?

From January 1, 2022 through May 19, 2022, I lived in California as a full-time resident. During that time period, I earned a full-time income, dividends, and interest income through bank accounts.  On May 20, 2022, I left California to live full-time in Mississippi. The last day of my job was on May 19, 2022.

 

Since I arrived in Mississippi, I haven't been employed. For the rest of 2022 I continued to earn dividends and interest income but no other income. What I earned was a small amount. 

 

I know I have to file federal and California taxes, but what about Mississippi?

 

Thank you.

x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Reply
MayaD
Expert Alumni

Do I have to file Mississippi state tax forms if I only earned dividends and interest income?

You should file a Mississippi Income Tax Return if, you are a part-year resident with income taxed by Mississippi (other than gambling income).

You will be taxed only on income earned while a resident of Mississippi and you will prorate your deductions and exemptions.

Mississippi Part-year resident.

 

 For Unearned income such as interest, dividends, capital gains, social security, and IRA distributions , allocate to Mississippi state the amount received while you you were a resident of Mississippi.

 

How do I file a part-year state return?

How do I allocate (split) income for a part-year state return?

 

Edited [03/2/2023, 10:59 AM,PST]

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question