DMarkM1
Expert Alumni

State tax filing

MD does exclude the capital gains on US obligations.  

 

  1. After entering a form 1099-DIV with amounts in boxes 1A and 2A
  2. You will find a follow on page to indicate that some/all of the dividends are from US obligations  
  3. Check the box  
  4. You will be asked what amount of the dividends in box 1A are from US obligations  
  5. Enter your calculated number, 5.4% of box 1A, for example  
  6. Continue to the MD state interview  
  7. "Edit" the "Income" section  
  8. You will see the "Interest from US obligations" topic  
  9. Edit that topic  
  10. You will arrive at a page asking about the capital gains on US obligations.  
  11. You can enter your calculated number, again 5.4% of box 2a, for example
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"