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I move from Texas to Pennsylvania in September 2020 do I need to allocate my investment income

I move from Texas to Pennsylvania in September 2020. do I need to allocate my investment income ? All interest and dividends are coming from money I I earn in Texas

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2 Replies
Hal_Al
Level 15

I move from Texas to Pennsylvania in September 2020 do I need to allocate my investment income

Q. Do I need to allocate my investment income ?

A.  Yes.

You allocate by where you lived when the income was received.  Interest and dividend payments received after the move (even if re-invested) are PA income.  If you sold an investment and realized a gain; the gain is allocated to the state you lived in at the time of the sale. 

I move from Texas to Pennsylvania in September 2020 do I need to allocate my investment income

Thanks

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