Quote:
Originally Posted by LuvtheVillages
First, your math is off. June 15 is only 166 days into the year.
Second, It doesn't matter. Whether he moves on January 15 or December 15, he has to file a part year tax return for the old state.
Another response about moving money was partially correct. If he is entitled to any lump sum distributions, arrange to receive them after establishing residency in FL and updating your address
with the payer. If received while a resident of the old state, then the old state taxes it. But it doesn't matter where the bank account is located. If you receive pension payments while in both states, you should receive 2 form 1099R's - one for each state.
It is important that anyone who pays you money - including your investment accounts, have your FL address on file. Even if it's a temporary rental address.
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I would also mention that Florida has no income tax