My Virginia LLC bought property in 2020 and also sold it in 2020 in Maryland with 80K profit. Does my LLC subject to state tax in Maryland? My LLC is S-corp
OK, you're going to have to file a Maryland 510 because the LLC/S-corp has MD source income from the sale. The LLC won't pay any tax to MD but it will pass the income through to members who will have to file an MD return to report the income that had an MD source.