Seth Breidbart wrote:
- quote -

Yes, you're right, that would have been more precise.

Katie in San Diego

The foregoing is intended for educational purposes only and
does not constitute legal or professional advice.

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- quote -

Should that be "received NY source income" rather than
"worked in NY"? It's quite possible the NY company paid him
after he quit, for accrued vacation and the like.

Seth

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Barry wrote:

- quote -

Yes.

- quote -

Only on your NJ return, unless you worked in NY after you
moved to PA.

- quote -

If you held the same investments all year, you can prorate
interest and dividend income by the months if the fund only
gives you an annual figure. For investments that you held
only part of the year, prorate the income over the months
you held the fund. Use the monthly figures if you have
them.

If you sold securities during the year, only the state where
you were a resident at the time of the sale will tax the
gain or allow the loss.

Katie in San Diego

The foregoing is intended for educational purposes only and
does not constitute legal or professional advice.

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- quote -

You take credit for the NY taxes on the NJ return because
that's where you were living at the time you earned the NY
income.

Your investment income needs to be allocated to NJ or PA
based on where you were living when the payments were made
to you. If your investments were mutual funds with
November-December dividends they will be taxable to PA only.

Ira Smilovitz

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For the 1st half of 2004, I lived in NJ and worked in NY.
For the 2nd half, I moved to PA and worked in PA.

I have a few questions:

1. Is it correct to assume that I will need to complete a
non-resident NY and part year residents for PA and NJ?

2. On which return (PA, NJ or both), do I take the credit
for paying NY taxes?

3. How do I allocate investment income between the two
resident states? Most funds dump the invesment income at
year end; others provide monthly dividends.

Any guidance would be most appreciated. Thanks

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