You'll need to sign in or create an account to connect with an expert.
generally income allocation worksheet is used to allocate income earned in different states ---- your resident state will tax you on world income while giving you credit for taxes paid to another state where you had allocated income ( earned in that state).
Does this help ?
generally income allocation worksheet is used to allocate income earned in different states ---- your resident state will tax you on world income while giving you credit for taxes paid to another state where you had allocated income ( earned in that state).
Does this help ?
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
semperfi_vaughn
New Member
ericlarsanderson
New Member
mrclean
Returning Member
RateMan
New Member
ccleiphart
New Member
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.