You'll need to sign in or create an account to connect with an expert.
The income is reported on your New Mexico state income tax return. You have to pay NM taxes on the income.
You need to pay income tax to the state you lived in when you received the payments. If in 2024 you lived in NM and MO, you need file part- year resident return for both states and allocate the income.
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
larrymincy443
New Member
jamesbrewer136
New Member
jeanne-lloyd
New Member
mjckhc
Returning Member
INPS2025
New Member