Capital Gains Across State Lines

rjdarrow · ‎February 5, 2023

Live in MD, Work in PA. Turbo Tax is showing that PA is taxing my capital gains. Is this correct? They are not taxing interest and other 1099 items. How do I remedy, assuming incorrect?

JohnB5677 · ‎February 6, 2023

If you live in MD, capital gains from investments should be taxed in MD.

Did you enter investments from a 1099-B?
Did you check the box "I have other boxes on my 1099‑B to enter" and enter a state designation?
- You can designate this as MD.
Otherwise, you will go through both state interviews and allocate the capital gains back to MD.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

View solution in original post

JohnB5677 · ‎February 6, 2023

If you live in MD, capital gains from investments should be taxed in MD.

Did you enter investments from a 1099-B?
Did you check the box "I have other boxes on my 1099‑B to enter" and enter a state designation?
- You can designate this as MD.
Otherwise, you will go through both state interviews and allocate the capital gains back to MD.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

Expert does your taxes

Do it yourself

Resources

Support

Capital Gains Across State Lines