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Level 2
March 20, 2026
Question

Maryland 2025 502 part year resident issue with gains/losses

  • March 20, 2026
  • 1 reply
  • 10 views

I was a part year resident of Maryland.  On the "Additional Info for Part-Year Residents" screen I entered the portion of both my income and my gains/losses (net gain) which did not apply while I was a Maryland resident.  I understand that Maryland initially adds the entire amount of capital gain or loss to income, and then modifies the Maryland income amount through Additions of Subtractions based on part year residency.

 

The income amount was properly treated as a subtraction from Maryland income.  But the gains were added to Maryland income rather than subtracting from Maryland income, thus effectively double counting that amount as income instead of excluding it. 

 

This appears to be an error in the program logic.  What is my recourse, having now paid for an inaccurate filing which must be amended?

    1 reply

    Level 15
    March 20, 2026

    You can file an amended return to correct the entry as is required. You will see an option for that when you log into your program. You follow the instructions that will have you revisit your Maryland return and enter the gain adjustment again. 

     

    If you suffer any interest or penalties as a result of a calculation error in the program, you can use this link to file an accuracy claim with Intuit. 

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    Level 2
    March 23, 2026

    I was able to file an amended return without any additional Turbotax charge.  Based on the amended calculations, rather than me owing the state of Maryland, they owe me for overpayment.  However, at this point, they have debited my checking account for the amount in the initial filing, which included interest charges.  Although they indicate they have received the amended return, there has not been a corresponding financial transaction based on the amended return.