Questions tagged [connecticut]
Use this tag for questions related to rules and experiences specific to the State of Connecticut in the United States.
13
questions
3
votes
2
answers
277
views
Roth vs Traditional 401K when paying income tax in two states
I graduated in May and got my first full-time job and would like to being contributing more to retirement. I live in New York State (not NYC) and work in Connecticut so I pay state income tax in both ...
- 33
4
votes
1
answer
2k
views
Can I claim a capital loss on property I gifted?
I had some cryptocurrency with an unrealized capital loss that I gave to someone as a gift.
My adjusted cost basis just before I made the gift was $4,000.
The fair market value (FMV) of the ...
- 497
3
votes
2
answers
305
views
Is there an ultimate income tax deadline for prior year, requested extension, didn't owe but still need to file?
Let's say that for your 2020 United States federal and Connecticut state income taxes, you:
didn't owe any taxes but still needed to file
had capital losses that you want to carry forward to future ...
- 497
2
votes
2
answers
12k
views
Do I have to collect sales tax when reselling used personal items?
I bought a new dehumidifier off of Amazon. I used it in my apartment for a month but don't need it anymore. I want to sell it used, at a price lower than the price I bought it for. I listed the item ...
- 497
2
votes
1
answer
98
views
How do I determine US state residency and income source for income tax filing?
This year I have a somewhat tricky situation for state income tax filing (US). I am a professor at a university in Colorado, but I'm spending the academic year in Connecticut on sabbatical leave, ...
- 6,971
1
vote
1
answer
661
views
Negative state tax withholding on W2
An employee had elected to reduce their CT State Tax withholding per pay period, however they did not have enough calculated state withholding based on their pay to reduce the elected amount.
They ...
- 11
1
vote
1
answer
266
views
Leaving my apartment early
So I have 7 months left on my lease, and my lease says If I leave early I must pay every month of rent plus a $2,500 fee. But what if I just move out and continue to pay rent each month for the ...
- 11
2
votes
1
answer
92
views
Tax returns while working in 2 states
Situation:
NYC Resident
Work 1-2 days a week in NYC
Work 4 days a week in CT
Employer is taking taxes of my paycheck to both states which sums up to about 40% in taxes
Questions:
I was reading that ...
- 23
2
votes
1
answer
136
views
How does sales tax on a cross-state vehicle sale work?
I am thinking of buying a boat in Connecticut and moving it to Massachusetts. The dealer says I pay no sales tax in Connecticut, only when I register it in Massachusetts do I pay.
Is this true? I ...
- 9,775
0
votes
3
answers
231
views
Who is responsible for paying?
Who is responsible for paying utility bill, house owner or whoever's name on the utility bill?
Does the house insurance policy holder have to be the owner?
- 11
4
votes
0
answers
96
views
State tax withholding election
I live in Connecticut but work in New York. My employer wants to know what state I wish to be "taxed in". I understand that CT gives a credit for taxes paid in NY. Which state should I elect to have ...
- 41
0
votes
0
answers
112
views
Can I become a secondary lessee with no credit history?
I want to rent an apartment with my girlfriend. At the moment I don't have any credit or proof of income, but I am finally earning enough through freelancing to afford the rent. I have an emergency ...
2
votes
1
answer
704
views
Can I deduct the full amount of a rental loss in two states?
Last October I moved from California to Connecticut, converting my primary residence to a rental. I didn't get it rented out until December, so I ended up with a loss for the year. My California ...
- 15.7k