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How does state tax work if you move midyear?

my question is about cap gains tax. if you live in one s...
hot philosopher-king
  12/17/17
...
hot philosopher-king
  12/17/17
forgiven
Azure location
  12/17/17
Cr, common law doctrine known as battle of the states
sable razzmatazz brunch
  12/17/17
...
Galvanic Sick Box Office
  12/17/17
...
drab institution laser beams
  12/17/17
...
Azure location
  12/17/17
...
hot philosopher-king
  12/17/17
You have to pay both states iirc. Might be an exception if ...
Stimulating Saffron Antidepressant Drug
  12/17/17
You are double taxed
Snowy whorehouse
  12/17/17
what if i move in August to a state with no income tax, and ...
hot philosopher-king
  12/17/17
...
hot philosopher-king
  12/17/17
I suspect they prorated it, at least that's what they did wi...
carnelian trailer park electric furnace
  12/17/17
Just looked it up. My state says that youre a resident only ...
hot philosopher-king
  12/17/17
Just "move" to Nevada once a year to cash out
Galvanic Sick Box Office
  12/17/17
pls rspd
hot philosopher-king
  12/17/17
Generally, the other state will give you a credit for taxes ...
Mind-boggling flickering theatre
  12/17/17
wtf
hot philosopher-king
  12/17/17
U live in state X 5 months, then state Y 7 months. File in X...
Mind-boggling flickering theatre
  12/17/17
ok that makes sense. my question is about cap gains tax ...
hot philosopher-king
  12/17/17
It's a state law question, can't answer without outing the s...
Mind-boggling flickering theatre
  12/17/17
ty
hot philosopher-king
  12/17/17
...
Violent twinkling gay wizard blood rage
  12/17/17
...
hot philosopher-king
  12/17/17
grow a beard
Sinister Swashbuckling Pervert
  12/17/17
what do u mean
hot philosopher-king
  12/17/17


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Date: December 17th, 2017 4:15 PM
Author: hot philosopher-king

my question is about cap gains tax.

if you live in one state and then move midyear, do you still have to pay cap gains tax in the state you left? if so, is it prorated?



(http://www.autoadmit.com/thread.php?thread_id=3832223&forum_id=2#34943030)



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Date: December 17th, 2017 4:17 PM
Author: hot philosopher-king



(http://www.autoadmit.com/thread.php?thread_id=3832223&forum_id=2#34943050)



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Date: December 17th, 2017 4:17 PM
Author: Azure location

forgiven

(http://www.autoadmit.com/thread.php?thread_id=3832223&forum_id=2#34943053)



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Date: December 17th, 2017 6:54 PM
Author: sable razzmatazz brunch

Cr, common law doctrine known as battle of the states

(http://www.autoadmit.com/thread.php?thread_id=3832223&forum_id=2#34944014)



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Date: December 17th, 2017 6:56 PM
Author: Galvanic Sick Box Office



(http://www.autoadmit.com/thread.php?thread_id=3832223&forum_id=2#34944035)



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Date: December 17th, 2017 7:22 PM
Author: drab institution laser beams



(http://www.autoadmit.com/thread.php?thread_id=3832223&forum_id=2#34944184)



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Date: December 17th, 2017 7:49 PM
Author: Azure location



(http://www.autoadmit.com/thread.php?thread_id=3832223&forum_id=2#34944338)



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Date: December 17th, 2017 7:50 PM
Author: hot philosopher-king



(http://www.autoadmit.com/thread.php?thread_id=3832223&forum_id=2#34944346)



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Date: December 17th, 2017 4:18 PM
Author: Stimulating Saffron Antidepressant Drug

You have to pay both states iirc. Might be an exception if you spent less than x days in one of the states

(http://www.autoadmit.com/thread.php?thread_id=3832223&forum_id=2#34943059)



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Date: December 17th, 2017 4:18 PM
Author: Snowy whorehouse

You are double taxed

(http://www.autoadmit.com/thread.php?thread_id=3832223&forum_id=2#34943060)



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Date: December 17th, 2017 4:43 PM
Author: hot philosopher-king

what if i move in August to a state with no income tax, and cash out a bunch of investments in September. Do i have to pay tax to my old state?

(http://www.autoadmit.com/thread.php?thread_id=3832223&forum_id=2#34943227)



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Date: December 17th, 2017 4:56 PM
Author: hot philosopher-king



(http://www.autoadmit.com/thread.php?thread_id=3832223&forum_id=2#34943290)



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Date: December 17th, 2017 4:19 PM
Author: carnelian trailer park electric furnace

I suspect they prorated it, at least that's what they did with local taxes when we moved intrastate

(http://www.autoadmit.com/thread.php?thread_id=3832223&forum_id=2#34943066)



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Date: December 17th, 2017 6:52 PM
Author: hot philosopher-king

Just looked it up. My state says that youre a resident only if you live in state for more than 1/2 the year.

But it also says that anyone earning income in the state has to pay taxes there.

It's still unclear to me whether or not I have to pay prorated capital gains tax here if i move and cash out in another state.

anyone?

(http://www.autoadmit.com/thread.php?thread_id=3832223&forum_id=2#34944003)



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Date: December 17th, 2017 6:57 PM
Author: Galvanic Sick Box Office

Just "move" to Nevada once a year to cash out

(http://www.autoadmit.com/thread.php?thread_id=3832223&forum_id=2#34944038)



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Date: December 17th, 2017 7:00 PM
Author: hot philosopher-king

pls rspd

(http://www.autoadmit.com/thread.php?thread_id=3832223&forum_id=2#34944059)



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Date: December 17th, 2017 7:00 PM
Author: Mind-boggling flickering theatre

Generally, the other state will give you a credit for taxes paid in the shorter state

(http://www.autoadmit.com/thread.php?thread_id=3832223&forum_id=2#34944061)



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Date: December 17th, 2017 7:04 PM
Author: hot philosopher-king

wtf

(http://www.autoadmit.com/thread.php?thread_id=3832223&forum_id=2#34944087)



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Date: December 17th, 2017 7:06 PM
Author: Mind-boggling flickering theatre

U live in state X 5 months, then state Y 7 months. File in X, X taxes u on ur X income. File in Y, Y taxes u on ur X and Y income, but gives u credit for taxes u paid in X.

(http://www.autoadmit.com/thread.php?thread_id=3832223&forum_id=2#34944093)



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Date: December 17th, 2017 7:07 PM
Author: hot philosopher-king

ok that makes sense.

my question is about cap gains tax though. im only selling once. do i only pay tax on it in the state i sell it in?

(http://www.autoadmit.com/thread.php?thread_id=3832223&forum_id=2#34944098)



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Date: December 17th, 2017 7:17 PM
Author: Mind-boggling flickering theatre

It's a state law question, can't answer without outing the states

(http://www.autoadmit.com/thread.php?thread_id=3832223&forum_id=2#34944153)



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Date: December 17th, 2017 7:22 PM
Author: hot philosopher-king

ty

(http://www.autoadmit.com/thread.php?thread_id=3832223&forum_id=2#34944185)



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Date: December 17th, 2017 7:21 PM
Author: Violent twinkling gay wizard blood rage



(http://www.autoadmit.com/thread.php?thread_id=3832223&forum_id=2#34944177)



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Date: December 17th, 2017 7:15 PM
Author: hot philosopher-king



(http://www.autoadmit.com/thread.php?thread_id=3832223&forum_id=2#34944139)



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Date: December 17th, 2017 7:23 PM
Author: Sinister Swashbuckling Pervert

grow a beard

(http://www.autoadmit.com/thread.php?thread_id=3832223&forum_id=2#34944189)



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Date: December 17th, 2017 7:45 PM
Author: hot philosopher-king

what do u mean

(http://www.autoadmit.com/thread.php?thread_id=3832223&forum_id=2#34944314)