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Deductions & credits
If you didn't receive a 1099-B and your 1099-Div has no entry in Box 2a, then you are correct that no entry needs to made in your Maryland return for % of Capital Gains from US Obligations (or leave at $0).
When an investment makes a distribution of its earnings to you and reports it in box 2a of Form 1099-DIV, the IRS generally allows you to treat the distribution like a long-term capital gain. This is beneficial since the same tax rules that apply to your qualified dividends also apply to qualified capital gain distributions, regardless of whether you hold the investment for 10 days or 10 years.
Here's more info on Form 1099-Div.
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March 19, 2023
9:55 AM