Level 2

Question

multi-state pension allocation

Forum|Forum|3 years ago
March 23, 2023
3 replies
26 views

I have clients that moved from Oregon to MT in July with the only source of income being pension and social security evenly distributed throughout the year. Even the the part year resident form was filed out for both MT and OR, proconnect is not allocating any of the income to Oregon and only MT. Why would none of this income be partially allocated to Oregon?

ProConnect Tax

This topic has been closed for replies.

itonewbie

Level 15

Read these articles in details and check that you have coded your multi-state return correctly. If you still have problems after that, please come back with more info about your entries and someone may just be able to point you in the right direction.

https://proconnect.intuit.com/taxprocenter/practice-management/handling-multi-state-returns-in-proconnect-tax-online/

https://proconnect.intuit.com/support/en-us/help-article/form-w-2/create-multi-state-return-proconnect-tax/L6ewg7QFK_US_en_US

https://proconnect.intuit.com/support/en-us/help-article/multi-state-taxes/entering-multi-state-amounts-proconnect/L61jemqC2_US_en_US

---------------------------------------------------------------------------------Still an AllStar

C

capitaltaxesmtAuthor

Level 2

Thank you for this information. What is the calculation to determine the amount of the total social security received for the year or the total pension amount received for the year. If the total social security received is $50,000 do you just take $50,000/12=$4167/mo and allocate that to each state?

sjrcpa

Level 15

That's what I would do.

The more I know the more I don’t know.

qbteachmt

Level 15

I see the "MT" in your username, so perhaps you already confirmed MT 2 schedule 4 has the info you need to provide? Because MT will start with all the income, then adjust the Tax according to the ratio of part-year residence. That's a bit different than how you stated it.

Don't yell at us; we're volunteers

C

capitaltaxesmtAuthor

Level 2

MT is working correctly. However, no income is being allocated to Oregon which is the other state they moved from.

itonewbie

Level 15

@capitaltaxesmt Have you reviewed the articles and followed the instructions?

---------------------------------------------------------------------------------Still an AllStar

qbteachmt

Level 15

See if these help:

https://proconnect.intuit.com/support/en-us/help-article/multi-state-taxes/entering-multi-state-amounts-proconnect/L61jemqC2_US_en_US?uid=lfmq2cpe

https://proconnect.intuit.com/support/en-us/help-article/form-1040/allocate-amounts-multi-state-individual-return/L2oI1HNmM_US_en_US?uid=lfmq2crn

And this part: "The Percentage of Source Income field is not available for income such as Interest, Dividends, Pensions, Gambling winnings, or other Miscellaneous income. It is also not available for adjustments to income or deductions. Those must still be allocated to each state using the Allocate Multi-State Amounts option (+ sign)."

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