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Level 2
April 14, 2020
Question

Tax exempt interest

  • April 14, 2020
  • 2 replies
  • 12 views

TurboTax won't allow filing of MD taxes because MD502 Additions to Income Line 2 does not match 1040 Line 2a

    2 replies

    Level 15
    April 14, 2020

    OK, what is the value on 1040 2a? What is the value on line 2 of MD 502?

     

    Can you tell where these numbers came from?

     

    Remember that we in the Community cannot see your tax return so help us help you. 

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    h0w1rdAuthor
    Level 2
    April 17, 2020

    1040 Line 2a: $6618 (Total Federal tax exempt interest)

     

    MD502 Additions to Income Line 2: $6557 (taxable by MD)

     

    $61 difference is interest earned from MD (not taxable by MD)