Does wholesaling in another state count as making money in 2 states? Based in MD, wholesale in FL.

davekelly814 · ‎March 5, 2021

MarilynG1 · ‎March 5, 2021

Yes, wholesaling in another states is considered 'making money in another state'.

If Maryland is your Resident State, though, report your total income to Maryland on your Resident Return.

Since Florida does not have Income Tax, you will not need to file a Non-Resident return to report income earned there.

Click this link for more info on filing Multiple State Returns.

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MarilynG1 · ‎March 5, 2021

Yes, wholesaling in another states is considered 'making money in another state'.

If Maryland is your Resident State, though, report your total income to Maryland on your Resident Return.

Since Florida does not have Income Tax, you will not need to file a Non-Resident return to report income earned there.

Click this link for more info on filing Multiple State Returns.

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

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