AmandaR1
New Member

Investors & landlords

You are correct, that this doesn't sound right. Maryland will tax gain on non-resident real estate sales and these state depreciation adjustments look far out of balance compared with your federal accumulated depreciation. 

First, I'd check to make sure that under the Personal Info tab, you selected that you earned income in another state and indicated Maryland and New York. Then, review your entries for the sale of rental real estate in the Federal section.  For real estate sales, you should be asked about State depreciation adjustments, when reporting the sale. 

Lastly, under the state sections, you could review your entries and assure you don't find large adjustments. You should be sure to update your state returns in the following order:

  1. Non-resident NY return
  2. Non-resident MD return
  3. Your resident return

If you didn't do so, or if you make any changes when following the above steps, you should delete the states and then add them back in. You can do so on the State Taxes summary screen, by clicking Delete next to each state. 

If you are unable to solve the issue with the steps above, I would recommend contacting our live support, so that they can go through your return with you.  To do so, select the software you are using and follow the steps below: https://ttlc.intuit.com/replies/3300041