Am I allowed to use two methods for allocating unearned income on my part-year resident New York return?

[shailgupta]

As a part year resident of New York, can I use two different methods for allocating unearned income for different types of income?
1) For Interest and Dividend Income, I want to use time spent in New York. e.g. I have $12,000 in Interest and Dividend Income and I moved to NY on Feb 1,2019 so my NY income would be $11,000 (11 months)

2)  For Capital Gains/Losses and Rents/Royalties/K-1s, I want to use "income earned while I was a resident" method. e.g. I have $3,000 in capital losses and $10,000 in K-1 allowed losses and all of these occurred after I became a NY resident. Can I take the full loss amounts of $3,000 and $10,000 on my NY return?

[TomD8]

Unearned income is allocated to your state of residence at the time you received it.  See this:  https://ttlc.intuit.com/community/income/help/how-do-i-allocate-split-income-for-a-part-year-state-r...

As long as the results are correct, the allocation method you use shouldn't matter.

[shailgupta]

Thanks. There is nuance here though. According to the TT Help, the income allocation can be either:

1) Go by the income you earned while you lived in the state

2) If method #1 isn't practical, go by the time you spent in the state

In my situation, while not impossible, it is a bit cumbersome to separate out my interest and dividend income using approach (1). It is however very easy to determine my capital gain/loss using approach (1) since these are only a few transactions.

My questions is if I can mix and match approaches for different types of income i.e. use approach (1) for interest/dividend and approach (2) for capital gain/loss?

[TomD8]

I don’t see why not, as long as the bottom line results are correct.