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

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

Split income categories between states of residency

I lived in California and Arkansas in 2022 but my wife in CA completely. We are filing federal joint but I am trying to divide the income between the states I lived in. I have the following incomes and referred to a few posts to understand how to split them.

Capital gains(Long and Short):

https://ttlc.intuit.com/community/state-taxes/discussion/how-to-split-capital-gain-in-wi-state-tax-r...
Summary is to pay tax to the state where the sale was made, is the OK?

Dividends and Interest:
As these are accumulated over time, split based on the ratio of days lived in each. Is this acceptable?

K-1 income:

These are paid at the end of year and split based on the ratio of days lived in each. Is this acceptable?

Connect with an expert
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 Reply
BrittanyS
Expert Alumni

Split income categories between states of residency

Yes, for sales on capital gains you will report to the state where the sales were received.  Dividends depends on when you received them.  If you received quarterly payments you can split the payment as you would with capital gains.  If you just received a yearly payment the allocation method is how to report.  The allocation method will also work for the K-1 income. 

 

For more information, see the link below:

 

Multiple States

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

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies