Skip to main content
Level 3
April 14, 2024
Solved

capital gain to non resident state

  • April 14, 2024
  • 2 replies
  • 11 views

I have a MD resident client who sold  company stock share which was located in GA.

Do I have to file GA nonresident tax return for the capital gain? or file it as MD income?

 

 

This topic has been closed for replies.
Best answer by qbteachmt

It will matter if the stock was part of their compensation for working at or for that GA company, or is that a regular market-type investment?

Here are a couple of references:

https://www.financialplanningassociation.org/learning/publications/journal/OCT22-state-income-taxation-nonresident-equity-based-compensation-OPEN

https://ttlc.intuit.com/community/taxes/discussion/ga-rsus-taxation-if-granted-during-in-ga-and-taxpayer-later-moved-out-of-state/00/2775302

 

2 replies

Level 6
April 14, 2024

My understanding is that passive income is attributed to the shareholder's resident state.

qbteachmt
qbteachmtAnswer
Level 15
April 15, 2024
Don't yell at us; we're volunteers