Hello,
Turbotax is telling me that there is an error because the maximum amount that I can claim for the Maryland First Time Home Buyer's Saving Account Subtraction is $5K. However, per Maryland tax code (https://www.law.cornell.edu/regulations/maryland/COMAR-03-04-02-18), for spouses filing jointly, "Each spouse on a joint return who is the sole account holder of a first-time homebuyer savings account may claim up to the full amount of the subtraction under §B(1) of this regulation" - that is, each spouse should be able to claim up to $5K ($10K total for the joint return) if they meet those conditions. Turbotax will not allow me to put in an amount greater than $10K. I believe this is a bug in the software (I'm using online Turbotax). Please advise; else, I will look for a different tax preparation software.
Liz
