![]() ![]() ![]() Enter $10,200 in New York Income Allocation as “Unemployment compensation” - (If the compensation was greater, say $20,000.Still would like clarification on the second part. Enter $10,200 is New York Source PortionĬonnecticut will give you a credit for tax paid to New York on any double-taxed income. You will see a screen called Unemployment Compensation Exclusion. Enter -$10,200 in New York Income Allocation “Unemployment Compensation Exclusion”.Enter $10,200 in New York Income Allocation as “Unemployment compensation”.For New York unemployment in TurboTax CD\download: New York does not recognize the $10,200 exemption for unemployment so there is no subtraction. On the NY return, it will be 100% “New York source portion.” Unemployment received from NY is also taxable to NY (and Connecticut). All of that is considered NY source income because it is from “ a business, trade, profession, or occupation carried on in New York State. Your W-2 income may be the amount you earned in NY in 2019 but paid in 2020 due to payroll periods, or accrued vacation, sick time, etc. Please answer the above and let me know the best way to answer this.Īll income connected with your New York job is taxable to New York, even if you resided in Connecticut at the time you received it. I started with New York and then will be doing Connecticut and the third state. Federal Income -$10,200 (this is a negative number). If non, enter zero." It lists here, "Unemployment Compensation Exclusion". Second question is the next section, which asks "Enter the amount of federal income that was derived from New York Sources. Do I put 100% of this amount in this box since it was from New York State or do I put in 0 because I was residing in CT and paid the CT quarterly estimated tax payments? So if I revived $100 total in Unemployment, would I enter $100 or $0 in the box?Ģ. My question is this: For New York Income Allocation, it has the total amount I received in Unemployment listed under Federal Income and asks how much of this was from "New York Source Portion". I am filing a nonresident New York State return and will then file a Connecticut return and then have to do another state as I moved to another state for the new job. Once I got a new job later in the year I cut off the Unemployment Insurance. While receiving this Unemployment I made quarterly Estimated Tax Payments for the Unemployment to Connecticut each quarter I was receiving the benefits. I began receiving Unemployment Insurance from New York State in 2020 while living in and being a Connecticut resident. So, when I received my W2 it had the New York address with state and New York City taxes taken out. I lost my job at the end of 2019, however my former employer never changed my address. In 2019 I was a resident of New York and then moved to Connecticut, however my employer was New York based. I was not a New York State resident in 2020 at all. ![]()
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