Do I have to pay Connecticut taxes since I moved to Florida?
September 18, 2006
Date: Thu, 06 Apr 2006
I exercised employee stock options and sold the shares on the same day. I worked in Connecticut and paid federal and Connecticut income taxes.
Now I’m retired and living in Florida. Do I still have to pay Connecticut income taxes for exercising the non-qualified stock options?
Date: 14 Jun 2006
Like most states that have an income tax, Connecticut taxes income from non-qualified stock options that were earned while working in Connecticut. You will need to file a Connecticut non- resident or part-year resident income tax return to report the income (depending on when you moved to Florida).