Questions tagged [state-income-tax]

For questions relating to state income taxes. For most questions, a state-specific tag should also be included.

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3answers
64 views

Filing my Taxes and Paying later

I plan to file my US 2020 Income tax return in the next few days. However, I am not planning on paying the amount due to around May 15. I plan to do the same for the state of NJ. Is there any issue ...
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1answer
31 views

Which state income taxes apply on executor income (executor resident state, or state in which probate occurs)?

I am a beneficiary and executor of estates of two relatives that died in WV. I reside in another state, which also has state income taxes. Do I claim the executor income in my state of residence? or ...
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46 views

Change State Income Tax

During 2020, my permanent address from January 2020 to August 2020 was in New York City. From September 2020 to December 2020, my permanent address was in Pennsylvania. Here are some notes: From ...
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1answer
57 views

How to avoid the $800 minimum franchise tax as a California resident with out-of-state business?

Assume a California resident sets up an out-of-state trust, which in turn is the only member (and manager) of an out-of-state LLC for business in another state (e.g. holding rental properties outside ...
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1answer
51 views

NY state tax when living in NY and working 100% remotely for a company in WA

I got taxed for NY state(when residing in NY state) and working for a IT company in WA state(WA is my work state). Notes: I lived in NY for less than 184 days. 1 Jan 2020 - 15 March 2020 - India - ...
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2answers
26 views

Indiana State Tax Returns | Did not receive 1099s

I have not received 1099s (INT, DIV, B) from my broker this year. I have to file Indiana State taxes by paper. Since, I do not have 1099's to attach what should I send in place of that? I have some ...
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1answer
22 views

Choosing Indiana Individual Income tax form for an International citizen

I am an international citizen and according to the rules specified on the IRS website at this link, I am a resident alien from 2020 (For years before this my status was non-resident alien). I lived in ...
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1answer
22 views

Carry over of North Carolina foreign tax credit

Referencing North Carolina income tax form D-400TC, Part 1 seriously limits the amount of foreign tax credit (FTC) I can take (line 7a is considerably smaller than line 6). I am wondering if it is ...
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36 views

TurboTax: Cannot enter interest/dividend in MI state return

My wife and I are filing returns jointly. My wife was a part-year resident of MI and I was a non-resident of MI. She had some income from interest/dividend but TurboTax does not give us any way to put ...
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25 views

Federal NOLD vs Florida NOLD

I'm considering opening a corporation within the State of Florida. Although, I'm trying to understand the Corporate Short Form Income Tax Return. Florida Short Form F1120-A Line 1 (total income) Line ...
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1answer
53 views

How do Federal and State Capital gains tax offset one another or stack?

I want to know how capital gains taxation works to understand better about taxes. To make it very simple lets say that Federal capital gains tax rate is 20% and state capital gains tax rate is 10%. ...
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0answers
36 views

Income taxes - Changing state of residence before moving out of the US

I'm an European citizen working for in the US with a 2 year contract; I was and will be a non resident alien for 2020 and 2021, but RA in 2022; I have to contribute to a retirement fund (it's a 401(a),...
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1answer
85 views

Taxes on out-of-state income due to working remotely during pandemic

An employer located in VT (USA) has employees who live in VT and NH. All of these employees were accustomed to commuting, as it is not a job which lends itself easily to remote work. Due ot the ...
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1answer
88 views

Can 2020 workplace for state income taxes be changed retroactively due to COVID?

We are residents of Pennsylvania. I work in Pennsylvania and my wife works in Delaware. Like many people working office jobs last year, we started working at home in mid-March 2020. My wife was ...
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1answer
45 views

Computing state taxes on back dated salary

I began 2020 working abroad, but then began working (very) remotely from the US due to the pandemic. It was not until several months later that it became clear that I would not return abroad for the ...
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164 views

What is “decoupling from IRC” in NYS Tax 2020 line 19a

NYS Tax 2020 Line 19a says "Recomputed federal adjusted gross income" (see page 16 line 19a worksheet) I go to the worksheet and it says Line 19a – Recomputed federal adjusted gross income ...
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1answer
38 views

Defining the status of a LLC

This takes place in the USA. I sent the documents that are required to close my LLC but never got confirmation that it was dissolved. Throughout the whole time I ran it, I was never able to log into ...
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1answer
34 views

How to determine state tax for 401(k) distribution as a part-year resident?

I'm trying to help my in-laws with their taxes and I just want to make sure about something before filing. They bought a home in Texas (no state tax) in the middle of 2020, still maintaining residency ...
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2answers
73 views

If I move out of state for 6 months to work remote, how do I setup my tax residence?

Currently my wife and I are living in California. I work remote for a company there. I am not a US citizen but I have an EAD (work authorization) in case it matters. So for now, I have been a ...
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1answer
61 views

Can I file state taxes for two states (MA,NY), claiming to be a non-resident at both?

MA requirement for a full year resident is living in the state for more than 183 days, while in NY the rule is that a full year resident is someone who lived there for more than 184 days. If a person ...
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2answers
76 views

Do I need to report Illinois, USA state tax while filing tax returns if I was working from home in Indiana for a Illinois based company?

There are similar questions for Illinois and California, but since situation might be different for each state so I am asking this specifically for Indiana and Illinois. I lived in Indiana for the tax ...
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1answer
22 views

How do I reflect Stock Profit and Dividend in New York State Tax 2020

Please help me I googled how to reflect stock profit and dividends for New York State tax, but it led me to New York State tax website I was unable to understand. Few days ago I called New York ...
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Pennsylvania Taxation of Treasury Bonds Purchased on the Secondary Market

How does Pennsylvania tax the following items for TREASURIES (purchased on the secondary market): Accrued Market Discount (1099-B Box 1f) Bond Premium on US Treasuries (1099-INT Line 12) Accrued ...
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2answers
34 views

I got 1099-NEC that reports box 1 income but no state income (box 7), is this possible or an error?

My spouse did some work for Operation Bandana New Mexico last year, a nonprofit that makes face masks to donate to schools, etc. She got a 1099-NEC as expected with the income reported in box 1. ...
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2answers
67 views

Is CA FTB not in breach of IRS rules by demanding ITIN?

The IRS declares in many documents that: "ITINs are IRS assigned numbers issued only for federal tax administration purposes" and "ITINS do NOT Serve as identification outside the ...
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1answer
103 views

If I worked remotely from another state for 3 months, do I need to file in both states?

I live and work in Illinois. From March 15, 2020 to May 30, 2020, I worked remotely from Indiana for a company domiciled in Illinois. I'm trying to figure out if I need to file for Indiana. Looking at ...
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79 views

I travel a lot - how can I change my address to a non-income tax state without actually “living” there? [duplicate]

Due to my profession, I'm constantly traveling, and I rarely stay at my permanent address. I was wondering if I could change my address to a state that doesn't have state income taxes. However, from ...
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1answer
38 views

Will capital gains from one state offset capital losses from another state?

I moved in the middle of the year. I made capital gains from stock sale while living in NYC and then had capital loss from stock sale after I moved to NJ. Usually I could offset capital gains with ...
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1answer
402 views

Capital Gains tax while moving states within US

I'm moving to California in Feb 2021 from Chicago, Illinois. I'm looking to sell stock through which I made $25k capital gains in long term stock. IL capital gains tax is at 4.95% while California is ...
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2answers
251 views

Working remotely in Texas but office is in Illinois

I was reading this article here: https://www.jpmorgan.com/wealth-management/wealth-partners/insights/working-remotely-watch-out-for-state-taxes and was interested by the "high state income tax ...
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1answer
63 views

Filing state taxes as a pandemic related WFH move

I lived and worked in NYC until last year. When my company mandated WFH in March 2020 due to the pandemic, I terminated my lease in Manhattan and rented a new place in Miami (near my family) from ...
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3answers
790 views

Moved partway through 2020, filing taxes in both states?

I got a job in Maryland (starting june 2020) and moved to the state after graduation in May. However I was still “officially” a resident of Michigan until the end of August (that is, i got my drivers ...
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1answer
64 views

Deducting Federal Income Tax from State Income Tax Liability

Context: I am calculating what my taxes will be next year (2021) for purposes of filling out my W-4s such that my withholdings will be as close to my actual tax liability as possible, to minimize my ...
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1answer
88 views

Working in 2 different states: does the California income tax rate only consider the money earned in California, or anywhere?

For example, let's take Bob who: worked from January to March in California, where he earned 30kUSD (W2 income and Bob was a California resident), worked for the rest of the year in the state of ...
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0answers
26 views

Getting paid by my own disregarded entity in Idaho, do I need to file an Idaho personal income tax return

No physical assets nor contracts in Idaho itself. I do not live or physically present in Idaho. So reading through the income tax documents: Idaho source income is income from: Transactions or ...
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0answers
34 views

Does federal tax residency affects State residency status?

I am a resident alien for tax purposes. I have SSN. My wife arrived in USA for the first time on 6/26/2019. She cannot have SSN. She got ITIN. For 2019, we filed joint tax return. As required, we ...
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1answer
92 views

Tax implications of a Transfer on Death Deed

Back in June 2020 my mother passed and left me with two documents, a Last Will and Testament and a Transfer on Death Deed that applied to her home transferring her interest in the property to me. I ...
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1answer
55 views

working in two states and commuting

I started a job in California this year. I am a resident of Las Vegas. I work full time in California and part time in Las Vegas. I have a home in Vegas that has a mortgage. In California, I have ...
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2answers
75 views

Will I get double-taxed? Primary address in North Carolina but work is in California

Disclaimer: I am aware that users here are not paid/licensed U.S. tax professionals and that I should only make decisions impacting my taxes with a licensed financial advisor. Hi! I have a job in ...
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1answer
52 views

South Carolina state income tax

My husband and I do not share residency. I am a resident of South Carolina and he is a resident of New Hampshire. We do file our federal income taxes as married filing joint. There is no state ...
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1answer
94 views

Capital Gains Tax when moving to a no tax state

I am moving from CA to WA in 2021 March. I have lived in CA for 5 years and accumulated almost $300K in long term capital gains. Should I wait to sell them after I move to WA? Will that help me avoid ...
3
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1answer
78 views

I work from home in Texas but my projects are for clients in different states (CA, PA, TX)

I work from home in Texas for a consulting firm but my projects are located in multiple states. I have two scenario questions. Scenario 1: I never travel outside of TX for work. Do I need to pay state ...
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1answer
57 views

How much do i owe the IRS on Sept 15th for income received in September?

Sold a house at end of August. Cap gains of about $240k to $375k (federal + California) income tax will be due. How much should I pay Sept 15th, 2020?
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2answers
75 views

I plan on working for a US company from abroad for three months. Do I need a US address at this time to remain a tax resident of my state?

I am considering spending three months abroad while working remotely. While I plan on returning to my current state (New Jersey), I do not want to continue to pay rent when I'm not here, which means I ...
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1answer
151 views

Suppose that you have no home address. Which state would you pay income taxes too?

Suppose that Sarah has a job which requires near constant travel on airplanes. Also suppose that Sarah does not own a house, or rent an apartment. Sarah lives out of hotels, motels, air-BnBs, etc... ...
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2answers
76 views

What are the tax implications when working remotely and changing states every 3 months?

I'm currently a perm resident of Washington (past 3 years). I work full-time for a big software company. I would like to work remotely in Florida, California, and Puerto Rico, and Texas, each for ...
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0answers
44 views

Can one be a California tax resident while not being a US tax resident?

I read on Page 4 of FTB Pub. 1031 2019 (mirror) (I italicized the important passages): [Section E:] Who Are Residents and Nonresidents A resident is any individual who meets any of the following: ...
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2answers
4k views

I e-filed my taxes ONE SECOND after the deadline - am I in trouble?

I am a US resident and last night I e-filed my 2019 federal income tax return with TurboTax and I owed money. (I know you should NEVER wait for the last day but it's been a couple of crazy weeks so I ...
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0answers
40 views

Does gross adjusted income include payroll deductions and retirement savings?

I have a slightly odd situation where I have to make quarterly estimated tax payments on my current income (taxable income from Grants or Scholarships), but starting in September I will have a ...
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0answers
64 views

Utah state tax for 401K income of a part-time resident

We have about $48,000 Social Security income annually and will receive about $36,000 401K income by the end of next year. We will stay in Utah for the first 3 months next spring and then move to ...

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