Spartini
Level 1
03-07-2021
11:02 AM
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Part-year resident of AR and AL. I cannot figure out how to allocate Interest Income between the two states. I have entered and divided interest income on the Allocation Worksheet but the full amount still shows up on Alabama (the current state of residence). Can anyone help out a new-bee?
Labels
Level 15
03-07-2021
11:05 AM
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Im not familiar with AL, but some states will still use total income, then use a ratio % to compute the tax on it based on the allocated amount....you may want to print out the AL return and walk through the math on it to see the mechanics.
♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
Level 15
03-07-2021
11:15 AM
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Wisconsin does as Lisa said, and a lot of states do it that way
dascpa
Level 12
03-07-2021
12:05 PM
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For states that are not "specific" in their income many people just allocate # days to each state.
ljk07c
Level 1
04-01-2021
10:43 AM
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Did you figure this out? I have the same issue