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Deductions & credits
Thanks for the response, but since this isn't my main home, I have to use the links described as "Other Real Estate Sales." I initially tried to use the first link (i.e., second home), but when I go through the prompts, one of the questions asks whether it was an investment and when I select that (i.e., I bought this house for the sole purpose of an investment as I live 3k miles away and never visit Maryland), it tells me not to use the "Second Home" as the category. It says to use the "Other" category. But when I use the other category, it provides no prompts to indicate the 1099s details and thus doesn't flow into my Maryland state tax return as income. The other category lets me just add my purchase date, sale date, basis and sale price, but no other details that would otherwise flow into the out of state tax return.
The second link (i.e., rental property) is not valid because the property was never placed into service (other TurboTax community members have answered indicating as such). Finally, the third link is not applicable as this is not timber related.
Is there any other way I should be entering this because the links don't exactly fit my situation.
The second link (i.e., rental property) is not valid because the property was never placed into service (other TurboTax community members have answered indicating as such). Finally, the third link is not applicable as this is not timber related.
Is there any other way I should be entering this because the links don't exactly fit my situation.
‎June 1, 2019
2:55 PM