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Daughter graduated and got a job in MA in June. To pay for school, redemptions were made from mutual funds while she was still a VA resident. There may be fund distributions at year end, but the fund company still has her address in VA.

Will those distributions (if any) be considered VA income (since the fund company thinks she's a VA resident) or MA income (since that's now her legal residence)?

And if anyone has any experience dealing with part-year returns for either MA or VA, I'd be glad to hear about it.

Thanks!

~~ Alison
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Will those distributions (if any) be considered VA income (since the fund company thinks she's a VA resident) or MA income (since that's now her legal residence)?

They're income in the state where she resides when they're made.

And if anyone has any experience dealing with part-year returns for either MA or VA, I'd be glad to hear about it.

IIRC the VA form is the PY730. It's pretty straightforward. You allocate income (and exemptions and deductions) based on residence. Actual numbers, not ratios, are used.

Phil Marti
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Thanks, Phil!

IIRC the VA form is the PY730.

Close <g> -- it's 760-PY. I took your earlier suggestion and got a copy at the library for 2000, and will be writing for the 2001 forms.

As always, thanks!

~~ Alison
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Hi Alison,

MA tax forms are online at:

http://www.dor.state.ma.us/forms/inctax01/incomtax01.htm

Your daughter needs Form 1-NR/PY. The form is realy straightforward. Your daughter can deduct her moving expenses on it.

As for distributions, my understanding is that if she resided in MA at the time of distribution, she'd have to include them into her MA return.
2195501y
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Your daughter needs Form 1-NR/PY. The form is realy straightforward.

Thanks. I was able to download the form, but not the schedule that may or may not be needed. We shall see.

And I don't think she has much in the way of moving expenses -- unless we can include OUR costs for getting her there originally (just kidding!). But I'll mention it to her.

Again, thanks for the responses.

~~ Alison
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