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Author: TMFPixy Big gold star, 5000 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 75781  
Subject: Re: 457 plan Date: 7/2/1998 1:53 PM
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Joe,

<<I am aware of the law that prevents states from taxing retirement income from out of state, but a previous post indicated that 457 income is reported on a W-2, and is not a qualified plan in the same sense that IRA's and 401k's are. How would anybody know that this is retirement income and that the no tax on out of state retiement income law aopplies. If it's reported on a W-2, its taxed as wages and reported as income from UT isn't it?>>

Yes, it would be reported as income. I'm not a tax expert, and that pertains particularly to the laws of UT and CA. If you are no longer a resident of UT but UT requires you to file there because the income was earned within the confines of that state, I would assume you would file a non-resident return and pay whatever taxes are due. I would further assume that when you file as a resident of CA, you would receive some sort of credit for the taxes paid to UT. That's how most states handle it, and it is intended to avoid double taxation on the same income.

You will need to see your tax advisor to see how it plays out in your case.

Regards.....Pixy
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