How is interest and dividend income allocated for non-resident pa tax return

Forum|Forum|6 years ago
February 18, 2020
2 replies
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client moved to florida mid year with no earned income except interest and dividends.

Lacerte Tax

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Best answer by George4Tacks

Interest and dividends are not properly called "earned" income.

For each entry use Ctrl + E and put the appropriate state in the right hand column. A bit of research on your part may save you paying to file for FL. If you don't need to file for FL, use US for the other state.

There is a good article on wages, https://proconnect.intuit.com/community/help-articles/help/allocating-w-2-wages-and-withholdings-for-multi-state-return/00/4730 apply the same principal for interest and dividend.

George4TacksAnswer

Level 15

Interest and dividends are not properly called "earned" income.

For each entry use Ctrl + E and put the appropriate state in the right hand column. A bit of research on your part may save you paying to file for FL. If you don't need to file for FL, use US for the other state.

There is a good article on wages, https://proconnect.intuit.com/community/help-articles/help/allocating-w-2-wages-and-withholdings-for-multi-state-return/00/4730 apply the same principal for interest and dividend.

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