Does TurboTax automatically generate ANY P/Y state allocations going off move date?

1isa · ‎March 22, 2022

IE: 1099-B Sell date on stocks/bonds. Does TurboTax portion to the state of residence at time of sale, knowing this info because it was entered? Or is this something that is prompted for us to figure and enter by default on a Part Year return?

HelenC12 · ‎March 22, 2022

No, TurboTax does not allocate the 1099-B forms based on the date of sale versus the move date. You'll be able to manually allocate which 1099-B forms go the appropriate state so you won't be double taxed. Please see How do I allocate (split) income for a part-year state return?

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HelenC12 · ‎March 22, 2022

No, TurboTax does not allocate the 1099-B forms based on the date of sale versus the move date. You'll be able to manually allocate which 1099-B forms go the appropriate state so you won't be double taxed. Please see How do I allocate (split) income for a part-year state return?

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

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Does TurboTax automatically generate ANY P/Y state allocations going off move date?