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March 21, 2020
Question

Georgia and Investment Gains/Dividends

  • March 21, 2020
  • 1 reply
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My husband is active duty and stationed in Georgia, but Texas is his home of record. I am a Georgia resident. He earned no additional income while living in Georgia, except for small gains on dividends/brokerage accounts (all in his name; not jointly). Does he still need to file a non-resident form for these small investment gains? Georgia tax code mentions additional jobs, properties, etc, but couldn't find anything on this.  Thanks!

 

    1 reply

    March 21, 2020

    No, he does not have to file a Georgia return for these investment gains.  Investment income is taxable to the state where you are a resident.  Since he is a resident of Texas and Texas does not have state income tax, there is no tax due on the dividends/brokerage account.

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