760PY Schedule of Income: Schedule of Income for Part-Year Resident Individual Income Tax Return (2024)
Virginia · Virginia Tax · Used for tax years 2024
The 2024 Virginia Schedule of Income accompanies Form 760PY and separates federal return income and adjustments into amounts earned while a Virginia resident and while not a Virginia resident. It also includes a worksheet for prorating exemptions and fields for reporting where yo
Who files this form
All filers completing the 2024 Form 760PY Schedule of Income must complete Section A. Include your spouse’s income in Section A if you claim Filing Status 2.
If you claim Filing Status 4, your spouse must also complete Section B with their income.
Submit the completed Schedule of Income with Form 760PY.
What you'll need
- Your federal return: The form tells you to refer to it when completing Part 1.
- Form 760PY: Use the exemptions claimed in its Exemption Section to complete the prorated exemptions worksheet.
- The Personal Exemption Ratio Schedule in the Form 760PY Instructions: Use its ratio amount on Line 10 of the worksheet.
- An explanation of other income adjustments: Enclose this if you enter other income adjustments on Line 6.
You will also need income amounts for the periods when you were and were not a Virginia resident, and the applicable prior or destination state for any move into or out of Virginia during 2024, for you and your spouse.
How to file
Complete the Schedule of Income before beginning Form 760PY, and submit the completed schedule with that return.
Transfer these amounts to Form 760PY:
- Section A, Line 7, Column A1 to Page 1, Line 1, Column A.
- Section B, Line 7, Column B1 to Page 1, Line 1, Column B, if applicable.
- The prorated exemption worksheet result to Line 13 in the appropriate column. For Filing Status 2, enter the combined exemption amount for you and your spouse in Column A.
The supplied text does not provide a mailing address or e-filing directions.
Common mistakes
- Leaving out the schedule: The form says to submit it with Form 760PY to avoid delays.
- Starting Form 760PY first: Complete the Schedule of Income before beginning the return.
- Skipping a required section: Everyone must complete Section A. Filing Status 4 also requires Section B.
- Leaving out the explanation for other income adjustments: Line 6 says to enclose an explanation.
- Not rounding prorated exemptions: The worksheet reminds you to round to the nearest whole number.
- Not calculating each spouse’s exemptions separately: Each spouse must compute their own prorated personal exemptions. For Filing Status 2, combine the amounts on Form 760PY, Line 13, Column A.
Questions people ask
How do I separate my income on this schedule?
Use the columns labeled Federal Return, While VA Resident, and While NOT VA Resident. Section A uses Columns A1, A2, and A3; Section B uses Columns B1, B2, and B3.
How is federal adjusted gross income calculated here?
Add wages, salaries, tips, interest, dividends, pension, and other income on Lines 1 through 3 to get Line 4. Subtract the adjustments on Lines 5 and 6 to get Line 7.
Why are my exemptions prorated?
The worksheet reduces your personal and dependent exemptions to an amount proportional to the number of days you resided in Virginia during the taxable year.
What moving information does the schedule request for 2024?
If you or your spouse moved into Virginia, enter the prior state of residence. If you or your spouse moved out of Virginia, enter the state moved to.