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February 23, 2020
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I lived in WA state all year in 2019, but owned rental property in GA. Why is turbo tax computing GA state taxes for everything like dividends, interest etc ?

  • February 23, 2020
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Best answer by KarenM90

TurboTax will bring over ALL of your income that "could" be taxable in Georgia.  You will need to go through the allocation screens very carefully and choose to allocate any income, not earned in Georgia to the "Other State (your home state)"

 

See my screenshot below. 

 

In this screenshot, I am allocating $1000 of interest income to my home state (Not Georgia) as well as the Capital Gains, but I am leaving the Business/Farm Loss as Income to be Taxed in Georgia. So you will not allocate your rental income, but everything else will be allocated to your home state if nothing else is Georgia Income.

 

1 reply

KarenM90Answer
February 23, 2020

TurboTax will bring over ALL of your income that "could" be taxable in Georgia.  You will need to go through the allocation screens very carefully and choose to allocate any income, not earned in Georgia to the "Other State (your home state)"

 

See my screenshot below. 

 

In this screenshot, I am allocating $1000 of interest income to my home state (Not Georgia) as well as the Capital Gains, but I am leaving the Business/Farm Loss as Income to be Taxed in Georgia. So you will not allocate your rental income, but everything else will be allocated to your home state if nothing else is Georgia Income.

 

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