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Additional Posts in Accounting
Are EY folks allowed to use Robinhood?
1) depends on if your home state gives a credit 2) depends on if your home state’s tax rate is higher or lower and 3) sometimes I’ve had to force TurboTax to do what I want it to (not worth the time unless it’s large $$)
The way it works really varies by state. So this could be right or could be wrong. If you are filling the info in TT properly, I am confident they are computing it right. Maybe just read the instructions for the 2 states to make sure you are not missing something.
Generally you should get the credit in your home state. A few states have weird rules where the credit is taken on the Nonresident return so you actually get a refund in the nonresident state - for instance VA and AZ together are that way, same with CA and some states
Pro
My situation falls under that category upon further research! Thank you!!
Pro
Thanks both!! Checking the guidance sent out by both states