Thank Ira and TMFPMarti:If she lives in CA, everything she earns everywhere will always be taxed in CA. That portion of her income which she earns while present in another state will also be taxed by that state. Generally, but not always, either CA or the other state will allow a credit for taxes paid to the other state on the same income.Ira She does have a CPA doing her taxes but I have always wondered about her situation. She ends up with 3-5 1099's and 15-25 W-2's, and a file box full of receipts, and ends up with 3-5 State tax returns. Mostly to get refunds, but as you stated, NY always manages to get there cut.Thanks again,Senior Citizen
Best Of |
Favorites & Replies |
Start a New Board |
My Fool |
BATS data provided in real-time. NYSE, NASDAQ and NYSEMKT data delayed 15 minutes.
Real-Time prices provided by BATS. Market data provided by Interactive Data.
Company fundamental data provided by Morningstar. Earnings Estimates, Analyst Ra