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April 22, 2025
Question

IRA Deduction: I moved to Delaware in Jun last year, how do I allocate my IRA deduction

  • April 22, 2025
  • 1 reply
  • 0 views

Hi everyone! I moved to Delaware last year in June. I contributed 5k to my Traditional IRA in Dec, and 5k is all deductible. When filing the Delaware tax, how do I allocate the Delaware Amount? Should I allocate half based on my DE residency period, or 5k as I contributed in Dec while I was a DE resident. 

    1 reply

    CatinaT1
    April 22, 2025

    Allocated based on your residency when you made the contribution. From what you said, it sounds like 100% DE.

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