Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
New Member
posted Mar 27, 2023 9:51:32 AM

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.

0 1 294
1 Replies
Expert Alumni
Mar 27, 2023 10:51:48 AM

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]