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Q. Because capital gains and rent income was earned after I moved out the state, it is my understanding that I don't believe those values will be allocated to Virginia because I did not receive it while a Virginia resident, correct?
A. No.
Q. Because capital gains and rent income was earned on a rental property in Virginia, I would need to report those values as Virginia source income earned as a non-resident, correct?
A. Yes.
I'm confused by the responses. Would turbo tax generate a 760PY and 763? 760PY for income earned while a VA resident. 763 for income earned as a non resident. The part time allocation page is confusing. It asks to enter values earned as a part time resident, however portion of those values were earned as a nonresident.
Yes, TurboTax should generate two Virginia forms. Form 760PY should include income amounts earned during the period you were a Virginia resident. Form...
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