I worked in NY until August 2019 and then I work in NJ, where I live, for the rest for the year. When I entered my NY tax return it said I owe much more. Last year I recieved a refund. What am I doing wrong?
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You may need to allocate your NY and NJ income. To allocate your NY income, follow these steps.
) New York income allocation. If it asks if all your wages were earned in NY, say no.
2) At W2 summary, indicate done
3) If it asks about the from 203-F, say no
4) Scroll through the questions when it asks for NY resident income. Here you can determine how much of those wages were earned while a resident of NY. The best way is to determine how many days you lived in NY xxx. Then take a ratio of (xxx/365)(total income of the W2). whatever amount of that income is is what is taxed in NY.
You may need to do a similar allocation for NJ just to make sure that the income allocation is correct for both states. the NJ allocation questions are similar to NY.
Thanks for answering. Do you mean I have to allocate my ny income for the months I worked there because I live in nj for the full year.
Thanks for answering. I live in nj for the full year. I worked in ny for 8 months, then I transferred to nj. Do I have to figure how much total income was earned in ny then nj
Yes, because you worked in New York for eight months, you will have to allocate 2/3 of the income to New York as nonresident income. Then you will apply the credit for taxes paid to another state on the 2/3 in New Jersey.
Is not a question. The problem is wrong calculations.
Which calculation is incorrect?
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