It depends
Yes, this is correct if all work performed in IN. The source of your wage income is where the work is performed. So if you are working remotely in IN, your income will be IN-sourced (regardless of where the company is located). Since IN is also your resident state, you will only have to file an IN resident state income tax return to report your wages.
However, if you work remotely in locations in IL, then this work would be considered IL-source income.
In this instance, you would need to determine the amount of your income earned while at an IL location (your IL-source income) and report this on an IL nonresident state income tax
return. You will also need to
file an IN resident state tax return (for all income from all sources including
IL income). You will get a state income tax credit in IN for any IL state
income taxes that you paid on your nonresident IL state income tax return.
You
will want to work on your nonresident IL state income tax return first. You
will then take a tax credit from your nonresident IL state income taxes on your
resident IN state income tax return. (Please note that you will only get a tax
credit for your IL state income taxes up to the amount of IN state income taxes
that would have been paid if the income was earned in IN). The credit for
taxes paid to another state section will be at the end of your residence
state's interview process. (screenshot)
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
