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Returning Member
posted May 2, 2021 8:26:50 AM

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?

0 4 567
4 Replies
Level 15
May 2, 2021 9:52:50 AM

are you doing your return or helping with his?

He has to report his own income tax.

Returning Member
May 2, 2021 12:20:11 PM

I'm doing his return

Expert Alumni
May 2, 2021 2:39:27 PM

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

Returning Member
May 2, 2021 6:07:12 PM

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.