I receive monthly income (small amount) from a retirement annuity. At the beginning of last year, I moved from the west coast to the east coast. Several months into the year, I changed my address with the annuity company.
Now, they sent me two 1099-R forms for 2008……. one showing a portion of the income reflecting CA as the state, and the other 1099-R form shows the balance of the income reflecting NC as the state.
Do I have to file a state return in both states because of this? I actually was in NC in 2008……. I just didn’t put through a change of address right away.
Where To File Income From Retirement Annuity?
17
Feb
Rose
February 17, 2010 at 7:39 am
I would suggest that you file a state income tax for each state shown on your 1099-R’s. However, if the amount shown on either 1099-R is below that state’s minimum income filing requirements, you may be able to ignore filing altogether. Just out of curiosity, is your total income at or below the minimum income level where the IRS says you are required to file? If your income is below the IRS’s minimum which would require you to file, this may be a good indication that you need not file a state return with either state.
RUSeriou
February 17, 2010 at 7:45 am
Since the 1099R shows CA for a portion of the income you will need to file there as well as NC. However, since you were not a full time resident that may save you some tax but don’t count on it!