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    inneedoftaxhelp's Avatar
    inneedoftaxhelp Posts: 3, Reputation: 1
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    #1

    Mar 18, 2008, 07:56 PM
    Live in NJ but work in NY
    The first half of 2007 I lived in NY and the second half in NJ. I currently live in NJ and work in NYC.

    I worked for 2 different employers. The W2 from my current employer (in NY) shows "State Wages" for both NY and NJ but only show State Income Tax for NY. The W2 from my previous employer, when I lived and worked in NY, shows no State Income Tax.

    I am using Turbo Tax and I filled out both of my state returns. Turbo Tax indicates that I will received a refund from the state of NY and that I owe money to NJ. I owe more than twice as much as my refund from NY.

    I don't know if this is correct. I feel as though the amount due to NJ is very high. Any suggestions?
    Wildsporty's Avatar
    Wildsporty Posts: 445, Reputation: 38
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    #2

    Mar 19, 2008, 07:14 AM
    You need to file part year resident returns for both states instead of full resident returns.

    Income Tax Part-Year Resident Forms (Current Year) This is where you can find the New York part year resident return

    You will need to file the New Jersey as a part year resident as you lived in New York for part of the Year in and New Jersey for part of the year.

    Part-Year Resident — File Form NJ-1040 as a part-year
    Resident if:
    You met the definition of resident for only part of the year.
    NOTE: Both part-year resident (Form NJ-1040) and part-year nonresident
    (Form NJ-1040NR) returns may have to be filed when a part-year
    Resident receives income from New Jersey sources during the period of
    Nonresidence.

    You are probably going to owe taxes if no taxes were withheld on one of your W-2 forms. That income still is taxable.

    You should get a credit on each state for the taxes paid to the other state, thus you should get credit in New York for the taxes paid to New Jersey and you should get credit in New Jersey for the taxes paid in New York.

    I would suggest that you pay a tax preparer to do your taxes this year instead of Turbo Tax. It might be a wise decision.

    Shirley

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