Lived in MD 10 months prior to moving to DC. I am retired, have a small pension plus interest and dividend income. The pension portion is easy to figure. How do I determine interest and dividend income? Go back to monthly statements an total it up?
Thanks,
DB
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Yes, you can take your total annual interest and dividends and allocate it between Maryland and DC according to time you lived there.
Here's more info on Allocating Income for a Part-Year Resident and more instructions on How to File a Part-Year Resident Return.
Thank you.
I am going through my consolidated statements now, highlighting November and December amounts.
What about ordinary dividends vs qualified? Do they matter with state?
No, just enter the dividends for that time period.
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