jayhawks1969
Level 1
02-20-2020
12:29 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Pension distribution is $14,000. $10,000 to Iowa and $4,000 to Arizona
Labels
Level 13
02-20-2020
01:58 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
I dont work in PTO but is there a PY allocation worksheet within PTO?
@itonewbie can you help here?
itonewbie
Level 15
02-20-2020
02:39 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Assuming these are amounts taxable to your client as PY residents of IA and AZ, you'd make your input as follows:
- On the line for Taxable Amount, click on the + sign on the right of the input field;
- You'd create 3 entries in the pop-up box;
- Entry 1: Amount = 14,000; State = US; Source = N;
- Entry 2: Amount = 10,000; State = IA; Source = S; and
- Entry 3: Amount = 4,000; State = AZ; Source = S.
If your client was a resident of only one of the two states, however, the full amount should be taxable solely to that state.
---------------------------------------------------------------------------------
Still an AllStar
Still an AllStar