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State tax filing
Yes, that's how I read it.
I did quick-and-dirty calculations of the tax with and without the pro forma 505. In my case the rate based on the 505 calculation seems to increase my MD tax by more than 25%. Married filing separately would be cheaper than MFJ with the 505 ... but still more than plain old MFJ with no 505.
ā€ˇFebruary 5, 2021
3:10 PM