When did I officially become a resident of my new state?

March 14, 2023, 09:11 AM

Expert308

Time to do my taxes. In October 2022 I retired and began drawing funds from my 401K (conventional, not Roth, so I do owe taxes on the withdrawal amounts). In November I moved from Oregon to Idaho. So I (probably) need to do three returns this time, a federal and two part-year resident ones.

My question is about which 401K withdrawals apply to which states' income buckets. When did I officially stop being a resident of Oregon and start being a resident of Idaho? Was it when I physically moved into my new house? When I signed the closing papers on the new house? When I was issued an Idaho DL?

March 14, 2023, 09:58 AM

HRK

Google says

quote:
State Residence for Tax Purposes
All U.S. citizens are residents of at least one state for tax purposes. Your state of residence is determined by:
Where you're registered to vote (or could be legally registered)
Where you lived for most of the year
Where your mail is delivered
Which state issued your current driver's license
You can be considered a resident of multiple states. It’s also possible to be considered a full-year resident of one state and a nonresident of another state, or a part-year resident in multiple states and nonresident in other states at the same time.

If you don't know which state you should consider your state of residence, contact a state to understand the resident guidelines.

Oregon Part year Resident Form with instructions

Link

March 14, 2023, 10:04 AM

trapper189

When did you stop living in Oregon? Does that date coincide with the date you moved into your home on Idaho?

March 14, 2023, 10:07 AM

mcrimm

We sold our home in Montana on 3/31 and bought our home in Arizona on 4/1. Those were the dates I used to change state residency.

I'm sorry if I hurt you feelings when I called you stupid - I thought you already knew - Unknown
...................................
When you have no future, you live in the past. " Sycamore Row" by John Grisham

March 14, 2023, 10:13 AM

71 TRUCK

My guess would be when you got your new drivers
license.
As far as I know you can't have a license in two states at the same time so as soon as you have a residence tied to a license that should become your primary domicile would be my guess.

I am not an expert by any stretch however when I worked in a gun store you had to provide a valid license to prove, you were who you said you were,old enough to buy a firearm and a resident of that state you lived in when purchasing a hand gun.

I would talk to an accountant just to be sure.

The Second Amendment to the United States Constitution.

A well regulated militia being necessary to the security of a free state, the right of the people to keep and bear arms shall not be infringed.

As ratified by the States and authenticated by Thomas Jefferson, Secretary of State

NRA Life Member

March 14, 2023, 11:32 AM

Expert308

Yeah, I just found a law that says I became a resident of Idaho the day I moved into my house here. So that's resolved.

I figured I could do all the returns myself, but I ran into another hurdle. Because I sold a primary residence I may be liable for taxes on the gain of that sale, but I don't have the old records to document when I bought it, what I paid for it, etc. So I'm going to have to get a professional to do it for me this year.

Thanks to all for the inputs.

March 14, 2023, 11:33 AM

Expert308

quote:
Originally posted by trapper189:
When did you stop living in Oregon? Does that date coincide with the date you moved into your home on Idaho?

Yes. I moved out of my house in Oregon on 11/9 and into my new one in Idaho on 11/10. So 11/10 is my date of residence in Idaho.

March 14, 2023, 02:18 PM

Rey HRH

quote:
Originally posted by Expert308:
Yeah, I just found a law that says I became a resident of Idaho the day I moved into my house here. So that's resolved.

I figured I could do all the returns myself, but I ran into another hurdle. Because I sold a primary residence I may be liable for taxes on the gain of that sale, but I don't have the old records to document when I bought it, what I paid for it, etc. So I'm going to have to get a professional to do it for me this year.

Thanks to all for the inputs.

I would think the professional would still need numbers from you regarding the house you sold.

"It did not really matter what we expected from life, but rather what life expected from us. We needed to stop asking about the meaning of life, and instead to think of ourselves as those who were being questioned by life – daily and hourly. Our answer must consist not in talk and meditation, but in right action and in right conduct. Life ultimately means taking the responsibility to find the right answer to its problems and to fulfill the tasks which it constantly sets for each individual." Viktor Frankl, Man's Search for Meaning, 1946.

March 14, 2023, 02:30 PM

Gustofer

I'm no CPA, but I don't think there are capital gains on a primary residence.

March 14, 2023, 02:34 PM

cheesegrits

quote:
Originally posted by Expert308:

I figured I could do all the returns myself, but I ran into another hurdle. Because I sold a primary residence I may be liable for taxes on the gain of that sale, but I don't have the old records to document when I bought it, what I paid for it, etc. So I'm going to have to get a professional to do it for me this year.

Thanks to all for the inputs.

You may qualify to exclude gain on the sale of your primary residence. 250K/individual or 500K/couple. See what the IRS says. Also, what you paid for your old house may be in the deed, which you may be able to access online.