MO State Tax Part-Year Resident Income Adjustment

Forum|Forum|2 years ago
February 14, 2024
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I moved from TX to MO in 2023. MO allows two different methodologies for determining taxes owed as a Part-Year resident. You may either take the Missouri resident credit (MO-CR), which provides a credit for the taxes paid to another state – This option is available while filing through TurboTax but is not a good option for me since TX does not collect state income tax. There is another, more preferential option for me, which is completing the Missouri income percentage (MO-NRI) that helps determine the percentage of income earned in MO. This functionality does not appear to be available in TurboTax and needs to be added.

Best answer by DawnC

TurboTax follows state tax law and can handle MO part-year returns. Enter the dates of your move in the personal information section, see instruction link below.

TurboTax will allow you to allocate your income between the two states so that you are only taxed on your MO sourced income.

Filing Part Year Returns

How to allocate income for part-year returns

DawnCAnswer

Employee

TurboTax follows state tax law and can handle MO part-year returns. Enter the dates of your move in the personal information section, see instruction link below.

TurboTax will allow you to allocate your income between the two states so that you are only taxed on your MO sourced income.

Filing Part Year Returns

How to allocate income for part-year returns

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steeleturnerAuthor

I went back in and it is allowing me to allocate now. Thank you for your assistance.

ohhimark8

Hi @steeleturner , I moved from Tennessee to Missouri this past year and am running into the same issues you had. What was your solution for this? It appears I have my date moved date correctly but it is not allowing me to allocate in Turbotax