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Investors & landlords
Thanks @JohnB5677 ,
To be explicit then, I enter in all the income received from capital gains and any other sources that happened after I moved out of Maryland in the adjustments section?
As an example, suppose I made $100k in the year. $40k was in MD, and $60k in CA. Suppose that income includes $20k of capital gains ($10k from stocks, $10k from a rental property). Then, you are saying that I should enter:
$60k for Non-Maryland Income
$20k for Non-Maryland loss or adjustment?
I accidentally asked this question in a different board, and got a slightly different answer so I'm trying to reconcile the differences. For reference, that post is: https://ttlc.intuit.com/community/state-taxes/discussion/part-time-md-resident-income-question/00/26...
I quote from the other answerer: "Non-Maryland Losses and Adjustments are adjustments from your federal form not from MD, such as educator expenses, health savings account deductions, alimony or self-employment tax." Capital Gains income is not included in this answer. Is this an oversight of the other answerer, or am I misunderstanding something else?
Thank you again!