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VIC103
New Member

For dividend Income do I need to enter any portion of my net dividend income that is attributable to NJ if I live in NY

For dividend Income do I need to enter any portion of my net dividend income that is attributable to NJ if I live in NY

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DS30
New Member

For dividend Income do I need to enter any portion of my net dividend income that is attributable to NJ if I live in NY

Yes - If you are an NY resident, then you will need to report all income from all sources (including NJ sourced dividend income) on your NY resident state income tax return.

if you need to file a nonresident NJ return to report any NJ sourced income, then you would be able to claim a tax credit on your NY return for any NJ taxes paid on income that is being included on both your NJ nonresident state income tax return and your NY resident state income tax return.

Just follow the TurboTax guide when working on your states (remembering to do your nonresident state return first) and TurboTax will do all the calculations and credits to your resident states return.

Here is additional information about filing in multiple states (select "see more answer" to view the entire attachment)

 

https://ttlc.intuit.com/replies/3300797


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