What is Modified Connecticut Adjusted Gross Income for part-year residents?
A. The Modified Connecticut Adjusted Gross Income is the annualized income based upon the number of days of Connecticut residency. It is calculated by dividing the Adjusted Gross Income received while a Connecticut resident by the number of days in Connecticut. The resulting amount is then multiplied by 365. 8. Q. Who is a resident? A. Anyone domiciled in Connecticut is generally considered to be a resident for Connecticut tax purposes. A domicile is that place which a person considers his permanent home and, if he is away, to which he intends to return. An individual can have more than one resident at a time, but only one domicile. Even if you are not domiciled in Connecticut, you may be a resident for Connecticut tax purposes if you are a person who either lives in this state or lives elsewhere and maintains a permanent place of abode in this state and spends a total of more than 183 days of the taxable year in Connecticut. A part-year resident is a taxpayer who moves into or out of
Related Questions
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