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Investors & landlords
Hi @DianeW777 , I am confused about what the Non-Maryland Losses and Adjustments is actually calculating. I see two screens that reference the same number. One screen is "Additional Info for Part-Year Residents", and one screen is "Allocate Federal Amounts to Susannah". Both screenshots are below.
They both reference a number - $86,192, but I cannot figure out what this number is. As previously stated, this tax return is joint for my wife and I. When I look at the income numbers on our W-2s for both PA + MD, I cannot tell what combination of incomes add up to this. We also have some savings account interest, some dividends and capital gains, but I cannot cleanly find a combination of numbers that add up to this amount, so I am not clear on what number is relevant to put in the box.
1. Can you give me an idea on how this number is calculated so I can understand what the number pertains to?
2. How do I know what my Non-Maryland Losses and Adjustments are? What is considered a Loss or Adjustment?
3. How do I calculate income received during Non residence? I will need to know the answer to number 1 and 2 first, but may still need to know how to input this info with those answers.
Thank you!