3652331
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

"Should this activity be excluded from the Massachusetts return?" As a full-time resident, what, if any activity should I exclude? Royalty payments from another state?

Specifically, I have a gas well in Kansas that is producing income and I want to know if I should include that in my Massachusetts income. I do know I get a credit for any taxes due to Kansas. Thank you!
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Best answer

Accepted Solutions
MaryK4
Expert Alumni

"Should this activity be excluded from the Massachusetts return?" As a full-time resident, what, if any activity should I exclude? Royalty payments from another state?

In general, residents of Massachusetts must report all income regardless of where it was earned- and you are correct that you can claim the credit for taxes paid to another state so you are not double-taxed.  

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

View solution in original post

1 Reply
MaryK4
Expert Alumni

"Should this activity be excluded from the Massachusetts return?" As a full-time resident, what, if any activity should I exclude? Royalty payments from another state?

In general, residents of Massachusetts must report all income regardless of where it was earned- and you are correct that you can claim the credit for taxes paid to another state so you are not double-taxed.  

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

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question