Should capital/ other gains or losses be claimed in the state I work in or the state I live in?

[cjdavis0278]

I work in GA and live in AL.  I sold some stock last year.  I just want to make sure the gain/loss is applied to the correct state.

[MonikaK1]

If you lived in Alabama all year and worked in Georgia, you should file a Nonresident return for Georgia just to report your Georgia wages only.  Complete the Nonresident return before the Resident return.

File a Resident return for Alabama and report all of your income there including the stock sold. You can claim a credit for taxes paid to Georgia.

For more information on this topic, see Multiple States—Figuring What's Owed When You Live and Work in More Than One State.

[Hal_Al]

The state you live in.