Question

Jerry permanently moved from Florida to California on January 1, 2019. He received $12,000 pension income...

Jerry permanently moved from Florida to California on January 1, 2019. He received $12,000 pension income
during 2019 through a qualified plan from his former Florida employer. What amount of his qualified pension
income is taxable by California?

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Answer #1

The correct answer is 0$ is taxable on qualified pension
income from florida

EXPLANATION

As the income is from previous workplace in florida and received in next year only so there will be no tax on the pension amount received.

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Answer #2
Jerry 's qualified pension income is taxable by California because he is a California resident when he received the income in 2019 (with effect from January 1 , 2019. California taxes residents on all income regardless of source. So , whole $12000 will be his taxable by California.
source: Tax Provisions
answered by: Anunay Aggarwal
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