Income Taxes and Record Keeping ( tax ) Message Board

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Strategies & Market Trends : Income Taxes and Record Keeping ( tax )

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To: Captain Jack who wrote (2258)	7/8/1999 9:26:00 AM
From: mod	Read Replies (2) of 5810

CJ, You will have to file in both states as a part-year resident. I have done this in the past, and it is basically a paperwork nightmare, though with tax software it may be easier these days. The good news is, once you manage to deal with all the complicated calculations, you will not be double-taxed on your capital gains. Each state will get some taxes, but you won't have to pay both for the same gains. mod

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