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Re: Interest income as part year resident

As a part-year resident of Mass, you're only taxed on the interest and dividends earned during your period of residency. Any interest and dividends earned while you were a resindent of New Jersey should be reported on line 6 of Schedule B of the Mass Form 1, which will be subtracted from your total interest and dividends earned during the year.

I hope this helps you out.

Zip Code: cpa@mdtaxes.com

Re: Re: Interest income as part year resident

Thanks for the info - I knew there was a way to split it up.

On another note, which state should I claim a moving expense deduction from?

Zip Code: 02492

Re: Re: Re: Interest income as part year resident

Generally, I claim the moving expenses on the state tax return to where you move to. So I'm assuming you pay for the cost of the move subsequent to the date your state of residency changes to the new state.

Zip Code: 0181