I won a jackpot in Mass and I live in MN so I need to file taxes in both states. The problem that I have run into is that I have Div and Int that Mass wants to tax that are coming from my federal tax. If I exclude them which I believe I should. I don't see them on my MN state tax. Can anyone help with this? Thanks.
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Because Minnesota is your resident state, all income must be reported- TurboTax automatically transfer the amounts. In contrast, for your nonresident, only state source income is taxed so you have to allocate the amounts in the state section of TurboTax.
Thanks for replying. So if I understand you right, I would click the box that say non mass source. Is that correct? And then no for all under the capital gain/losses difference for Mass?
And turbo tax will then put the correct information on my state of MN taxes to pay that was showing on the Mass form?
Yes, that is correct. Any of the income that is not MA source, you would click the box that says Non-Mass source. Then no for all under the capital gain/losses for MA. The only thing that will be reported to MA on your non resident return is your jackpot winnings. Everything else will be ONLY be taxed by MN.
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