Everything is fine until I get to the NY state tax portion. After entering all info in it is reporting the wages as the full amount on my federal return. I should be about 50% since I only worked in NY for the first half of 2012. The strange thing is that when I entered the MD info for turbotax - It gave me the option to designate how much of my income was earned only in Maryland and shows the taxable amount to only be the wages I earned in Maryland as opposed to my total wages.
Does anyone know why for the NY state portion it is filling in the total wages instead of those just earned in NY. the Funny thing is that on previous screens it shows just the NY amount but on the final screen showing the return it shows total federal wages as the amount taxable in NY.
So hypothetically,if you earned $50K in NY and $50K in another state, your NY return would be calculated on $100K and lets say hypothetically the tax on $100K is $15,000. Then you would pay 50/100 * $15,000 = $7,500. TT has always done this right for me. That is, the tax is pro-rated.
When starting the NY state tax return,
One of the interview questions asked in the beginning related to being a full year or part year resident. Make sure you have chosen part year resident. Turbo Tax should then
have you using It-203 form for NY. That is the part year resident for NY.
MD doesn't work this way; part-year residents file a tax form which only lists income earned while you were a MD resident. In the example above, your MD tax would be the MD tax on $40,000. (MD nonresident income does work the same way as NY part-year resident income; if you are a NY resident all year but earn $40,000 in MD and $20,000 in NY, your MD tax is 2/3 of the MD tax on $60,000.)
You will see Federal Income and Adjustments
Columns for Federal Amount and New York portion of Federal
http://www.tax.ny.gov/pdf/current_forms ... ill_in.pdf
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