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I LIVE IN NORTH CAROLINA AND, RENT A HOME IN NEW YORK AND HAVE WORKED IN NEW YORK FOR A YEAR, I ALSO HAVE WAGES IN NORTH CAROLINA. CAN I FILE MY FEDERAL TAXES FOR NORTH CAROLINA AND NEW YORK ON THE NORTH CAROLINA FEDERAL FORM AND MOST IMPORTANTLY CAN I FILE MY NEW YORK STATE TAXES IN NEW YORK AND THE NORTH CAROLINA STATE TAXES IN NORTH CAROLINA, MAKING TWO STATE OF STATE FILINGS AND ONE FOR FEDERAL

Submitted: 234 days and 17 hours ago.
Category: Finance
Value: $9
Status: AWAITING CUSTOMER ACTION
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Already Tried:
I HAVE NOT FILED MY STATE TAXES YET BECAUSE I WANT TO FILE THEM SEPERATE, BUT I WANT TO DO IT CORRECT

Answer

You need to decide if you are a resident of NC or NY or if you changed the residency in the middle of the year.

You should file first the state tax return where you are a non-resident. - As a non resident you will be taxed only on income from that state.

Then - you will file the state tax return where you are a resident. - As a resident you will be taxed on all income regardless of its source. However as the some of you income is taxed twice - for non resident state and for home state - you will claim a credit on your home state tax return for taxes paid to a non resident state.

 

On federal tax return - you will combine all income from both states.

Let me know if you need any help.

 

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Expert: Lev
Pos. Feedback: 99.1 %
Accepts: 
Answered: 4/2/2009

Tax Preparer

Personal Investment, Tax Preparation

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