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wombataku
Returning Member

Do I have to pay for my investment tax?

I currently work in RI (live with a friend locally), keep my Texas address for my investments. My company lists me as non resident in the W2. I know I have to file RI state income tax for my salary but how about my investments? How do I this in TT Deluxe?

 

Thank you!

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4 Replies
Hal_Al
Level 15

Do I have to pay for my investment tax?

If you are living and working in RI, on a permanent job (expected to last more than a year), with no intent to return to TX, then you are a RI resident and must pay tax on all your income.

 

I assume "My company lists me as non resident in the W2" means only that RI does not appear in box 15.  Why did they do that. RI tax should have been withheld.

 

 

wombataku
Returning Member

Do I have to pay for my investment tax?

Thank you for your response. I am planning to go back to TX after a year.

Hal_Al
Level 15

Do I have to pay for my investment tax?

"After a year" as opposed to within a year makes you a RI resident for tax purposes.

wombataku
Returning Member

Do I have to pay for my investment tax?

If last year I only work less than 180 days? Thanks!

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