I owned a piece of land in Maine for 22 years. I sold it in 2022 and did a 1031 Exchange buying land in Tennessee. The Maine licenses qualified intermediary for the 1031 Exchange told me I would be required to file a ME State return, but the exchange would be recognized and no tax due from it. I completed my federal return this morning and then bought the ME State to add on to TT and went through the questions.
I have never lived or worked in Maine and typically only enter the state a few days a year, usually to fly from the airport in Portland, ME (the closest to me). I filled a tax return in ME one year over 10 years ago when I did the the required forestry work and actually earned ~8k on the sale of logs; I only mention that because there was a question about having ever filed in ME before.
There was set of questions about owning property in ME and disposing of it, then nothing else. I got to the end and then went to the forms to look over what it had done. I don't see anything in there about the exchange, looks like just a bunch of the numbers copied from the federal return and zeros for ME portions of same resulting in a 0 final number.
I'm hesitant to actually file before knowing that really is all there is to it. Does this sound correct?
