Solved: Do I have to file a 2018 GA state tax return, as I have a W2 from employer for add'l payment on stock options in 2017 (paid in 2018)? the W2 correctly shows CO address.
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Do I have to file a 2018 GA state tax return, as I have a W2 from employer for add'l payment on stock options in 2017 (paid in 2018)? the W2 correctly shows CO address.

 
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Employee Tax Expert

Do I have to file a 2018 GA state tax return, as I have a W2 from employer for add'l payment on stock options in 2017 (paid in 2018)? the W2 correctly shows CO address.

If GA tax was withheld, you will file a GA nonresident return, even if the income is not taxed in GA.  But this income probably is taxed there.  For instance, if it was derived from NQSO proceeds, Georgia will consider this income to be Georgia sourced because it is compensation received from work you performed in Georgia.  

Since you are now living in CO, Colorado will tax the income also but give you a credit for the tax you pay to Georgia on that income.

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Employee Tax Expert

Do I have to file a 2018 GA state tax return, as I have a W2 from employer for add'l payment on stock options in 2017 (paid in 2018)? the W2 correctly shows CO address.

If GA tax was withheld, you will file a GA nonresident return, even if the income is not taxed in GA.  But this income probably is taxed there.  For instance, if it was derived from NQSO proceeds, Georgia will consider this income to be Georgia sourced because it is compensation received from work you performed in Georgia.  

Since you are now living in CO, Colorado will tax the income also but give you a credit for the tax you pay to Georgia on that income.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

View solution in original post

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