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March 6, 2024
Question

Completion of state returns in Connecticut and Maine

  • March 6, 2024
  • 1 reply
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My wife and I established permanent residence in Maine on November 15, 2023; prior to that we lived in Connecticut.  When I prepare the Maine state filing, do I need to split taxable interest, dividend income and capital gains between Maine and Connecticut?  If so, can I simply base the $$ on a simple allocation based upon the number of days in 2023 that our permanent residence was in Connecticut versus Maine?   FYI - salaries and wages were already split on our W-2s.

    1 reply

    March 6, 2024

    The program will calculate which income amounts are allocated to the correct state.

     

    In most cases, if you live in state that has income tax, you will get a credit on your tax return for the state you live in for part or all of the tax that you pay to the other state. 

    TurboTax handles part-year returns, but you need to make sure you've set up your personal information correctly for us to do so. We'll ask about where you lived in 2023 when you set up your personal information.

     

    If you need to add this information after you've begun your return:

     

    Note: If your TurboTax navigation looks different than what’s described here, learn more.

    1. Sign in to TurboTax and select My Info.
    2. A Your personal info screen appears.
    3. Question number 2 asks you the state(s) you lived in during 2023. Select your state of residence from a dropdown menu.
    4. You'll also be asked if you lived in another state in 2023. Answer Yes and a new section will appear asking for your previous state of residence. Select the other state you lived in.
    5. Fill out the date of when you moved to your current state.
    6. If the rest of your information is accurate, select Continue.

    After you finish entering your federal return info, you'll automatically move to the State Taxes section, where you'll see your part-year states listed. We suggest you prepare the return for your former state first, followed by the return for the state you currently live in.

     

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