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Old 02-07-2010, 09:16 PM
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Part Year Resident Maryland and Virginia Income Allocaton

I moved from Virginia to Maryland on July 1st of 2009. I need to allocate my investment earnings, i.e., interest, dividends, and capital gains between the two states. My questions are:

1) Is the interest and dividend earnings considered to be earned evenly throughout the year and I calculate the respective state amount based on the number of days I was a resident of a state (numerator) over the entire year's days (denominator)?

2) Are my capital gains allocated in the above methodogy or do I calculate them to the state I was a resident of when the capital occurred? What about the mutual fund capital distributions I receive on 1099 at year end?

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