California Part-Year Resident Adjustments

[crimson91]

I have 3 questions:
1. I relocated from California to Washington on 3/20/2020 (last day I was at California). Should I consider myself a California part-year resident? This is what TurboTax classifies me after I enter the date I left California.

2. For this TurboTax question How much of the $XX,XXX did you earn while living or working in California?, how should I calculate it?

What I did is subtracting my total gross payment with total 401(k) contribution that I made from 1/1 to 3/20. For example, total gross payment was $10,000 from 1/1 to 3/20, and total 401(k) contribution was $2,000 from 1/1 to 3/20. Hence, I earned $18,000 while living in California.

3. I also made some trades (stock market) both while living at California and at Washington. Will TurboTax automatically adjust the taxes based on dates of opening and closing the trades? Or I need to manually adjust them?

Feel free to tell me if more clarification is needed. Thank you!

[MarilynG1]

Click this link for info on How to Allocate Income for a Part Year Resident . 

[crimson91]

Thank you very much, Marilyn! The link is useful.

I have a follow-up question that the link doesn't cover. For the earned income allocation, should I exclude my pre-tax 401(k) contribution from it?

For example, using the allocation method suggested by the link, my earned income at California is $20,000. If I contributed $2,000 of pre-tax 401(k) contribution during the time I stayed at California, should the final earned income be $18,000 or $20,000?

Thank you!