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- Colorado resident made money in Nevada. Nevada does not have state taxes, so no taxes were taken out. Intuit is showing the individual owes money in CO. Is that right?
Colorado resident made money in Nevada. Nevada does not have state taxes, so no taxes were taken out. Intuit is showing the individual owes money in CO. Is that right?
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KMA-Tax
Level 2
04-04-2022
02:40 PM
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abctax55
Level 15
04-04-2022
03:13 PM
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Yes.. a resident is taxed on ALL income. There is often a credit for the other state taxes paid on the double taxed income. BUT, as NV has no income tax - no credit.
"*******Tax software is no substitute for a professional tax preparer*******
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