IRonMaN
Level 15
03-17-2023
07:01 PM
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"If they lived in one state for 7 out of 12 months, just allocate 7/12th of the gain/loss to that state."
That works for interest on a savings account. But with stock sales, if they had a $1,000,000 gain on January 15 and a $999,000 loss on December 15, that method isn't going to make the first state very happy.
Slava Ukraini!