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Get your taxes done using TurboTax
"I have to pay MD tax on the gain"
Are you sure about that? I'm unable to find anything to support the belief that there is includible in Maryland income any part of any 1031 exchange beyond what might be included in federal income. Maryland has a tax withholding requirement on the sale of real property unless an exemption application is approved, but that doesn't mean that the transaction is taxable.
‎July 24, 2023
1:49 PM