I moved to Florida in December 2022 so normally not filing NC tax return anymore.
However as part of my retirement I will receive some W-2 income that my previous employer says must be reported to NC.
How do I report the W-2 income to NC and none of my other income?
If you receive the W-2 NC income in 2023, then in the Personal Info section of TT when you prepare your 2023 tax returns, enter FL as your State of Residence, and indicate that you had "Other State Income" from NC. This will prompt the program to generate a non-resident NC tax return, on which you will report that NC-source income.
I would concur with that procedure.
When you do the NC non-resident tax return, you will have to have all the Federal portion of your taxes completed first...every scrap, but not yet filed.....before you even think of starting the NC non-resident part.
Then when you do the NC non-resident tax return Q&A, it WILL (initially) use all your Federal income, but then you will get to indicate what portion was NC-Source while you were a non-resident....and indicate that NC-W-2 as such. Then you will be asked about all the other types of income, like interest, dividends, capital gains etc....and those will normally be all zero's....even if it is a Bank or Credit Union account still in NC. The only other thing I can think of that might still be NC-source income, while non-resident...is if you have a rental property or business still located in NC that you get income from.
By doing that, the NC forms will FIRST calculate the total tax calculated for ALL your income, and then multiply it by the fractional amount that you indicated was NC-source.
....so if it calculates an NC tax of, say, $10,000 on ALL your income, and you indicated that ~5% was from NC sources during the Q&A, then it multiplies 10,000 x 0.05 or $500 as your tax as a nonresident.
If you receive the W-2 NC income in 2023, then in the Personal Info section of TT when you prepare your 2023 tax returns, enter FL as your State of Residence, and indicate that you had "Other State Income" from NC. This will prompt the program to generate a non-resident NC tax return, on which you will report that NC-source income.
I would concur with that procedure.
When you do the NC non-resident tax return, you will have to have all the Federal portion of your taxes completed first...every scrap, but not yet filed.....before you even think of starting the NC non-resident part.
Then when you do the NC non-resident tax return Q&A, it WILL (initially) use all your Federal income, but then you will get to indicate what portion was NC-Source while you were a non-resident....and indicate that NC-W-2 as such. Then you will be asked about all the other types of income, like interest, dividends, capital gains etc....and those will normally be all zero's....even if it is a Bank or Credit Union account still in NC. The only other thing I can think of that might still be NC-source income, while non-resident...is if you have a rental property or business still located in NC that you get income from.
By doing that, the NC forms will FIRST calculate the total tax calculated for ALL your income, and then multiply it by the fractional amount that you indicated was NC-source.
....so if it calculates an NC tax of, say, $10,000 on ALL your income, and you indicated that ~5% was from NC sources during the Q&A, then it multiplies 10,000 x 0.05 or $500 as your tax as a nonresident.