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December 12, 2022
Question

lived in California first 6 mos of 2022. Moved to Nevada end of June or last 6 mos of this year.

  • December 12, 2022
  • 1 reply
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With 1/2 of the year in Cal, will I pay 1/2 of my 1040 income for a Cal state tax?

I  live in Nevada now full time for the last 6 mos.

1 reply

rjs
Employee
December 12, 2022

You will pay California tax on the income that you received while you were a California resident, plus any income from California sources that you received after you moved. That might be more or less than half your income for the year. You will file a California part-year resident tax return.

 

davejAuthor
December 13, 2022

Income from a Traditional IRA conversion that was done this week, would not be taxable from California when I moved in June?   I suppose the date info will be on the info I enter in Turbo Tax?

Thank-you r j s !

rjs
Employee
December 13, 2022

Do you mean that you converted to a Roth IRA? If so, you are correct. It will not be taxable by California since you did it after you left California. The date will not be on your 1099-R, and you will not enter the date of the conversion in TurboTax. TurboTax will ask you how much of your income should be allocated to California. So for the IRA distribution you will allocate $0 to California. Keep the transaction confirmation with your tax records so that you can prove the date in case California questions it.