State form wants to tax business income prior to moving to new state?

Forum|Forum|7 years ago
April 9, 2019
1 reply
0 views

We lived in Florida (no state income tax) and had a multi-member LLC that own rental property. We sold all of the rental property in April and moved to Georgia (state income tax) in May. The Florida LLC was also dissolved. However, when I put the Final K-1 into TurboTax, my Georgia State taxes are taking into account the Net Income (Box 10) from my K-1, even though that income was generated prior to our move to GA. How do I fix this?

Best answer by PaulaM

You should be able to make adjustments on the Georgia return for income earned in Florida. The screen reads 'Georgia Income and Adjustments'. It goes through different categories, so enter in the category that corresponds to your K-1 box amounts.

PaulaMAnswer

Employee

**Say "Thanks" by clicking the thumb icon in a post**Mark the post that answers your question by clicking on "Mark as Best Answer"

JamesInGAAuthor

Employee

Thank you. I actually just figured it out last night. What was throwing me was that it listed amounts under Georgia and then had boxes under Other State. While I could type things in the Other State boxes, the Georgia ones were static so I wasn't able to modify them and it didn't appear that I was able to lower them. Finally, I threw a number in one of them and went to the next page, then hit Back and the static Georgia numbers were lowered by the amount I put in the Other State boxes. They should put a note on the page or change the static numbers dynamically so people understand what's going on Thanks again!