Partial Residency Tax Filing

[jeffecohen]

I'm retired and moving from NY to NJ shortly. Will TT walk me through partial residency tax requirements of both states. For example, will it handle splits on income such as dividends and cap gains/losses, RMD withdrawals, etc., and expense items that may be incurred unevenly throughout the year? 

Thanks

[MaryK4]

Yes, TurboTax will guide you through the process of allocating the income correctly to each part year resident state return.  If you have questions when you are in the program, feel free to come back and add to this post- we'll be here to help if we can!

[SteamTrain]

@jeffecohen 

Yes you can enter the splits for things like Cap gains, Interest and dividends, RMD withdraws etc...

BUT

You must carefully keep each month's account statements...because the brokerage companies only send out the final year's totals, and it is up to you to keep track of what the dates were for what was distributed/received before and after you moved.

Make double sure you promptly let your Pension providers know that you have moved right when it happens.