- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Maryland Annualized Income method
I want to annualize my income for my Maryland return. The Turbotax (Desktop, MacOS) screen for State Taxes>Annualization Method instructs me that "Your total Maryland taxable income for 2022 is [Amount A]. Enter your Maryland =Taxable income from January 1, 2022 through each of the dates below."
There is an entry box for the first three quarters, and the fourth entry box (01/01/2022-12/31/2022) shows a pre-filled [Amount B]. Amount A differs from Amount B by almost $9,000. Amount B appears to be incorrect. When I look at my Tax Summary (via the Tax Summary button), it shows:
Amount B=the amount of my Maryland Adjusted Gross Income, and
Amount A=the amount of my Taxable Net Income.
I do not want to enter correct amounts for Q1-Q3 when Turbotax will automatically calculate the Q4 amount to equal an erroneous Adjusted Gross Income (Amount B) for the annual total.
I have Checked for Updates and have all the latest.
This looks like a Turbotax error; how do I resolve it?
Thank you,
Andrew