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Allocation of Interest Income between states

Spartini
Level 1

Part-year resident of AR and AL.  I cannot figure out how to allocate Interest Income between the two states.  I have entered and divided interest income on the Allocation Worksheet but the full amount still shows up on Alabama (the current state of residence).  Can anyone help out a new-bee?

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4 Replies 4
Just-Lisa-Now-
Level 15
Level 15

Im not familiar with AL, but some states will still use total income, then use a ratio % to compute the tax on it based on the allocated amount....you may want to print out the AL return and walk through the math on it to see the mechanics.


♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪
Terry53029
Level 11
Level 11

Wisconsin does as Lisa said, and a lot of states do it that way

dascpa
Level 8

For states that are not "specific" in their income many people just allocate # days to each state.

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ljk07c
Level 1

Did you figure this out? I have the same issue

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