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Investors & landlords
A couple of comments/ thoughts:
- Based on your facts, you should be indicating that you were a nonresident of MD for 2021.
- Did you indicate in TT that you were a nonresident?
- As a nonresident, you should also be completing a form 505NR. This form allows you to make adjustments to the MD return for items that are not attributable to MD when computing MD tax.
- Also take a look at your form 505. There are 3 columns there and your capital gain should be reported in column 3 if handled correctly.
*A reminder that posts in a forum such as this do not constitute tax advice.
Also keep in mind the date of replies, as tax law changes.
Also keep in mind the date of replies, as tax law changes.
‎February 16, 2022
8:33 AM