Do I have to report Idaho income on options acquired in California?
October 10, 2011
Date: 14 May 2008
I earned stock options while working in California and exercised them two years after moving to Idaho. I filed and paid California state taxes as a non-resident of California for 2007. Now Idaho is asking me to pay Idaho state taxes on the same income. What should I do?
Date: 4 Jun 2008
Claim a state tax credit on your Idaho income tax return for the California tax paid on the income.
See page 8 of the Idaho income tax instructions. You compute the state tax credit at page 2 of Idaho Form 39R and carry the amount to line 22 of Idaho Form 40 (Idaho income tax return).