 |
|
| Browse | Ask | Answer | Search | Join/Login |
|
|
||||
|
How do I file capital gains and interest income as part itme resident in NC
Recently I just became a part time resident in NC July 2007. I was a full time resident of FL prior to that. How do I file NC state taxes for Stock capital gains that were puchased in 2004 in FL (while I was a full time resident there) and sold in 2007 two months after I became a part time resident of NC. How much of the gain is NC entitled to.
Markabb61 |
||||
|
||||
|
You report capital gains to NC for any assets you sold while a resident of NC. It matters not that you may have held these assets for a period in another state - the only thing that matters is where you lived on the date you sold the stock. So in your case NC "gets" the CG tax on 100% of the gain.
|
||||
| Question Tools | Search this Question |
Add your answer here.
Check out some similar questions!
I am a project manager working for an engineering and construction management company. My office is located in NC. I have just been assigned a project in NY. I visit the job site in NY every 2 weeks and stay for about 12 days, so I am in NY about 40% of the time. I do have an apartment in NY...
Hi, I know that capital gains are taxed, but are they taxed as a subset of income tax or are they distinct? My question applies to both long-term and short-term gains. For example, if my only income is from day-trading (that is, short term capital gains) is it treated exactly as income tax...
Hi, I am filing NY non-resident tax return. I have some interest income from a bank located in NY. Do I count it as a part of NY state income , or exclude it for calculating N state tax? Will this be same for NJ and MD also, as I've lived for parts of the year in these two states (but...
My sister and I inherited our mother's condo on Nov 10, 2005. It was sold on Apr 28, 2006 at a capital gain of $29,823 (adding settlement costs and attorney fees into the cost basis). We each owned 50% of the property. How do I file my capital gains - do I use Schedule D? I do not see a way...
Hi I wanted to find out if I am liable for capital gains taxes on my primary home that I plan to sell. It is the very first house that I have bought. I am an indian citizen and on F-1 visa. India does have a tax treaty with US but I am not sure what the IRS says with respect to capital gains. Can...
View more questions Search
|
