2 different states entries--CA and OR-reporting of what--to Oregon

[mjckhc]

Hello:

We do receive 2024 like pensions, IRA distributions,  investment income, but no w2 or other wages as we're both retired. The Ira distributions were when we lived in CA and did do federal taxes on that.

My question is for Oregon part where we moved from CA to Oregon and became resident on November 19--So the question is as my wife and I do have pensions and did get 11 months in CA and 1 month in Oregon as is the first of the month. We do take out federal tax on our pensions. So do we do a separate one for pension on also the Oregon tax and how do we do it. Do we put the total on it per person that is just without the taxes as again we do take federal taxes out. Another question is how to get a 2nd state download online as we have premier. Does the form come up asking for both our totals for example of the pension or do we just since we file jointy does it come up under both names. So also got two answers on if need to include social security since neither has state taxes. Thank you and waiting for your response. 

[MaryK4]

If you moved to Oregon November 19, that would be 42 days.  42/365=11.5%.  On the Report Pension amount, multiply the federal amount by .115 and enter the number- this is the Oregon pension received as a Resident.  

[mjckhc]

Hello:

On the Oregon amount on the pension--since I also took out 10% federal tax--do I just put in the total minus 10% or what I received total. Also my wife and I receive pensions-will the 1 state ask for each person as we file jointly. How do we put our totals in for each person? Will I have to do a CA state form for the pension also as lived there until November 18 when became a resident of Oregon on November 19 2024. Will I also have to do mortgage interest individually as bought a place in Oregon and sold in CA.

[MaryK4]

You will enter what you received as the total.

The 10% was withholding- the pension subtracted the money from your distribution and sent the money to the IRS to pay your taxes.  It does not affect your state tax income.

In the California section of TurboTax, you will see the Nonresident Adjustments, then the Other California Taxable Income (see below).  You will want to multiply the total by .885 (365/321 days in California) to get your California amount.

You will NOT have to allocate your mortgage interest.

Please let me know if you have any other questions.

@mjckhc 

[mjckhc]

Hello:

On the 2 state forms--on Oregon for the pension as we're premier with turbo tax--My wife and I had pensions and was wondering on Oregon will it ask each person so can put down the total individually or do we do it all as one--will the form have for both names to put in individually the amounts as we file jointly.

Lastly-again can it be explained how I do get the 2nd state of Oregon form-online-how to do it. 

Thank you.

[VolvoGirl]

When you enter into the federal return you enter each person's 1099R and forms separately.  When you start entering the 1099R it will ask who it is for.  After you enter a form you can add another.  Be sure to pick the right person.  You can enter thing in any order you want and skip around.  

You enter everything on the federal side first including Social Security.  Then it will flow to the state returns.   The state returns know that your SS is not taxable and will automatically subtract any taxable amount.  

You get 1 free state program download.  Which it seems will be California.  Then you can purchase additional states from within the State Taxes section in Turbo Tax for $45.  

And each state is $25 to efile (including the first one) OR  you can print and mail state for free.  

[mjckhc]

Hello:

In regards to getting the 2nd state of Oregon since my wife and I file jointly--and are 2 of us---does the one form that we request as are premier with turbo tax online does it put both our names or come up individually and on pensions is it the total for both of us or will it come up individually as we moved to Oregon and became residents Nov 19 2024 and get paid our pensions on 1st of each month. So would we report the 1 month. 

So how many additional 2nd state of Oregon downloads would we get and how do we request it through turbo tax and what are the procedures for entries to get the forms.

Thanks and am waiting for your response.

[mjckhc]

Hello:

My wife  and I moved from CA to Oregon November 19 2024 became a resident. We're premier members of turbo tax so we did get CA free--how do we online with turbo tax get the 2nd state of Oregon--what  are the procedures--online which areas to get to that form and pay for it plus we're retired and receive social security and pensions not w2 or working. 

[VolvoGirl]

You go to the State tab and  click on Get another state.  A second state costs $45.  Then you know each state return you efile (including the first one) is $25 to efile or you can print and mail state for free.