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Level 2
May 6, 2021
Question

Allocating Capitals Gains (Schedule D) Between States

  • May 6, 2021
  • 1 reply
  • 9 views

How do I allocate capital gain income (schedule D) by percentage of residency. Client was a resident in CA for 90% of the year and 10% New York. I don't see an option to do this.

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1 reply

Taxes-by-Rocky
Level 7
May 6, 2021

Assuming part-year return, suspect the date realized is the state to which it belongs.....even though NY never seems to be able to let go.