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rbahl
Returning Member

divident income and part time resident in two states

My son worked eight months in Pennsylvania then moved to Kansas and worked the rest of the year there.  How do I divide his dividend/capital gains income between the two states?  Do I divide it or should it all go to one state?

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4 Replies

divident income and part time resident in two states

are you doing your return or helping with his?

He has to report his own income tax.

rbahl
Returning Member

divident income and part time resident in two states

I'm doing his return

ToddL99
Expert Alumni

divident income and part time resident in two states

Divide ("allocate") the income based on where he lived when the dividends/capital gains were earned, i.e. when the dividends were posted to his personal account (or reinvested) and when he sold the stocks (for capital gains).

 

@rbahl

rbahl
Returning Member

divident income and part time resident in two states

On TurboTax, Pennsylvania allows me to adjust the dividends but I have choose a reason.  Is that reason "Other Adjustment"?  He also received a Schedule K-1 that had dividends from an Iowa source but I don't see where on TurboTax I can adjust for that.

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