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posted Jun 4, 2019 11:18:01 PM

I withdrew my retirement funds from the state of sc while a resident in FL. I anticipated a significant return from SC based on TT filing. SC now assessed income tax. I had to file a SC return because I had income from the last week of 2015 that was paid

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Level 15
Jun 4, 2019 11:18:03 PM

Well, depending on exactly when you moved to Florida,  you will need to show SC some evidence as to exactly what date the $$ were removed from the retirement account, and some bills, or other evidence that you were already in Florida at that time, to satisfy them that the Pension $$ removed were not SC income at that time.

The 1099-R you received from the retirement fund doesn't show any date of withdrawal...you need a deposit date on some bank statement, or, if you have other paperwork, from the fund, or still have access to that account (online) you may be able to get dated evidence that way.

IF you actually moved in 2015, then you should have filed a part-year SC tax return for 2015 with a non-resident SC tax return for 2016.

IF you moved in 2016, then the SC state tax return would be part-year for that year instead.

In either case, you did have to report that 1099-R form as part of your total yearly income, but it was proper to remove it form being SC-taxable....provided that you were already a resident of FL when you withdrew those $$.

Show them dated proof..

1 Replies
Level 15
Jun 4, 2019 11:18:03 PM

Well, depending on exactly when you moved to Florida,  you will need to show SC some evidence as to exactly what date the $$ were removed from the retirement account, and some bills, or other evidence that you were already in Florida at that time, to satisfy them that the Pension $$ removed were not SC income at that time.

The 1099-R you received from the retirement fund doesn't show any date of withdrawal...you need a deposit date on some bank statement, or, if you have other paperwork, from the fund, or still have access to that account (online) you may be able to get dated evidence that way.

IF you actually moved in 2015, then you should have filed a part-year SC tax return for 2015 with a non-resident SC tax return for 2016.

IF you moved in 2016, then the SC state tax return would be part-year for that year instead.

In either case, you did have to report that 1099-R form as part of your total yearly income, but it was proper to remove it form being SC-taxable....provided that you were already a resident of FL when you withdrew those $$.

Show them dated proof..