FIRST 10 MOS. IN ONE STATE. LAST 2 MONTHS IN STATE OF NEW RESIDENCE. CANNOT GET THE RETURNS TO ALLOCATE. HAVE ADDED STATE AND CLICKED MULTI RETURNS.

Forum|Forum|4 years ago
March 14, 2022
3 replies
4 views

THINGS LIKE DIVIDENDS, CAPITAL GAINS AND SCHEDULE A DEDUCTIONS ARE NOT ALLOCATING. EVERYTHING IS ENDING UP ON THE NEW RESIDENT STATE AND ZERO IS ENDING UP ON THE STATE OF THE FIRST 10 MONTHS.

ProConnect Tax

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sjrcpa

Level 15

You have to allocate these yourself.

The software does not do it based on days of residence.

The more I know the more I don’t know.

qbteachmt

Level 15

You also need to know what each State requires. Instead of allocating like you are stating it, there are States where you report 100% and then the State gives a credit for taxes paid to the other State, for instance. States often have different ways they tax and credit and exclude, as well. You cannot just Allocate, as if that is all that is required.

Don't yell at us; we're volunteers

George4Tacks

Level 15

You need to determine the amounts by date received in each state.

Answers are easy. Questions are hard!

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