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mjdula
New Member

If i am a student in SC but my home state is NC. i have two w2s, one showing my home state and the other showing where i go to school. Help, please??

 
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DS30
New Member

If i am a student in SC but my home state is NC. i have two w2s, one showing my home state and the other showing where i go to school. Help, please??

It depends.

If you have 2 W-2s for the same income and one shows federal amounts with one state and the other just shows the state amount only, then you will just add a state line to your W-2 entry (with the federal information) under the federal taxes tab when you are entering the state information from your second W-2 (screenshot)

If these are 2 separate W-2s related to 2 separate federal income and state amounts, you will need to enter them separately.

If you are a permanent resident of NC but were in SC for school and earned income in SC, then you will need to file a SC nonresident state income tax return (for your SC source income only - your SC wages). You will also need to file a NC resident state tax return (for all income from all sources including SC wages). You will get a state income tax credit in NC for any SC state income taxes that you paid on your nonresident SC state income tax return.

You will want to work on your nonresident SC state income tax return first. You will then take a tax credit from your nonresident SC state income taxes on your resident NC state income tax return. (Please note that you will only get a tax credit for your SC state income taxes up to the amount of NC state income taxes that would have been paid if the income was earned in NC).  The credit for taxes paid to another state section will be at the end of your residence state's interview process.

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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1 Reply
DS30
New Member

If i am a student in SC but my home state is NC. i have two w2s, one showing my home state and the other showing where i go to school. Help, please??

It depends.

If you have 2 W-2s for the same income and one shows federal amounts with one state and the other just shows the state amount only, then you will just add a state line to your W-2 entry (with the federal information) under the federal taxes tab when you are entering the state information from your second W-2 (screenshot)

If these are 2 separate W-2s related to 2 separate federal income and state amounts, you will need to enter them separately.

If you are a permanent resident of NC but were in SC for school and earned income in SC, then you will need to file a SC nonresident state income tax return (for your SC source income only - your SC wages). You will also need to file a NC resident state tax return (for all income from all sources including SC wages). You will get a state income tax credit in NC for any SC state income taxes that you paid on your nonresident SC state income tax return.

You will want to work on your nonresident SC state income tax return first. You will then take a tax credit from your nonresident SC state income taxes on your resident NC state income tax return. (Please note that you will only get a tax credit for your SC state income taxes up to the amount of NC state income taxes that would have been paid if the income was earned in NC).  The credit for taxes paid to another state section will be at the end of your residence state's interview process.

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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