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Maryland from 500DM
Hi,
Is anyone familar with Maryland from 500DM (Decoupling Modification)?
The forms has a listing of various senarios when it's used.
In my case Turbo tax selected (L) "Net addition modification to Maryland taxable income when claiming the federal depreciation allowances from which the State of Maryland has decoupled"
When is this used to add to my income. My wife does have a rental property with her brothers. Seems like it has something to do with that?
Thank you
‎April 2, 2023
6:46 AM