Turbo Tax handling of move from one state to another

[dhawal_kumar]

Will turbo tax be able to handle the case of move from one state (ex: CA) to another (ex: TX) with different taxation rules and while covering scenarios such as the following

1. Properties in both states (and on mortgage)
2. A property in one of the states as rental
3. A property in the state prior to move used as second/vacation home
4. Some stocks (RSU, ESPPs) sold while resident in first state, remaining stocks sold while resident in the other? I am also thinking of the proration rule that CA has for ESPPs such that CA will continue to tax a portion of proceeds even if sold while resident of TX.

Assuming that turbo tax can handle

1. Which version of turbo tax will that be?
2. What documents or information will turbo tax need?

[ErnieS0]

Yes. Any version of TurboTax can handle a move from one state to another.

Things will be easier if you are moving from California to Texas since Texas does not have a state income tax. You will enter everything in the federal section of TurboTax and the state(s) will allow you to divide income based on your residency in each state.

Itemized deductions. California prorates your total deductions for items such as mortgage interest and property taxes based on the percentage of California income to total income so everything will carry over from federal.

Rental income is fully taxable to the state where the rental is located. If your rental is in California, you will report 100% of the net rental income to California, even after you've moved to Texas.

Second home. Mortgage interest and property taxes for a second home will be added to your total federal deductions and prorated based on California income.

Stock sales are based on your residence at the time of sale. Any stocks sold while you were a California resident are taxable to CA.

You do not need any additional documents for a move across states.