Maryland state form 502SU missing

[gjgogol]

@RachelW331230426

[RachelW33]

I took a look at your diagnostic file and I believe that the reason that the "Capital Gains from U.S. Obligations are Tax Free" screen is not popping up is because you have a capital loss (rather than a capital gain) reported on Line 7 of your Form 1040.  My suggestion is to go back to the 1099-DIV entry screen and include the gain you had on the follow-up screen, Enter U.S. Government Interest.  In other words, you would put the total of your capital gain from the sale of U.S. obligations and the portion of dividends that were U.S. Government interest in that box.  Doing this will get the Code ab subtraction reported correctly on Line 13 of your MD Form 502. 

@gjgogol 

[mdfiler355]

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[mdfiler355]

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[mdfiler355]

@RachelW33 I have to bother you again. 

I encountered a new problem if adjusting the 1099-DIV as instructed. 

When I ran review for Federal return, Turbotax thinks the entry is an error.  Because the US treas sale amount is greater than the amount in1099-DIV box 1a.  

As I said before, The US treas sales are listed in 1099-B but was adjusted in Form 8949 and included as interest income in Schedule B.  These sales are not listed in the 1099-INT nor 1099-DIV.

So making adjustment in the 1099-DIV triggered problem.  

And the "Capital Gains from U.S. Obligations are Tax Free" screen does not pop up in my situation. 

Is it possible to correct the "Income from us obligations"  manually on the form level? Thank you.

Please see this post asking the same question for VA state tax.

https://ttlc.intuit.com/community/taxes/discussion/rem[product key removed]ng-the-scenario-in-your-q...

@AmyC 

[AmyC]

Page 9 of Md instructions say the capital gains should be subtracted on line ab. You can do that in the forms mode like this:

1. Switch over to forms mode
2. Locate form 502SU
3. Locate line ab
4. Right above line ab is a smart worksheet where numbers can be entered.
5. Type directly into the capital gains from sale of US government obligations
6. The number will carry to line ab

@mdfiler355 

[gjgogol]

@RachelW33I have the form 502SU created in forms. Line 13 has the correct amount on form 502, but I don't seem to get the amount identified on a summary screen in TT step-by-step page.  I have included a screen shot of my 2022 summary page that shows the income from u.s. obligations. I've also included a screen shot of the same page from my 2023 return and it does not show the u.s. obligations. Am I doing something incorrectly or is the software misbehaving?

[mdfiler355]

@AmyC 

It worked. Thank you!

[RachelW33]

As long as the correct amount for your Code ab subtraction is reported on Line 13 of your MD Form 502, everything is good.  Thank you for the screenshots, I am not sure why the experience is different this year.  @gjgogol