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Moving

We are moving to Kauai in January as my husband works for the government and he will be stationed there.  We are not selling our farm in Oklahoma due to this being a 3 year gig.  We will have someone working the farm while we are gone.  What will we need to do for taxes? Do we file in both places?  I'm already stressing. Lol

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Moving

Well you have a couple of issues to address ... if you are keeping your OK residency then you will file a non resident HI return and a resident OK return and you MUST complete them in that order so you will get the correct OK credit for the taxes paid to HI.

 

Then the farm ... are you just hiring someone to work the farm ?  If so you will have an employee to report on the Sch F.   Or are you renting the farm to someone ?   If so you will have a rental property to report on a Sch E.  I highly suggest you seek local professional assistance to get educated on your situation and requirements of both states income tax returns. 

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