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Tax exempt interest

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

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2 Replies
BillM223
Employee Tax Expert

Tax exempt interest

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?

 

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Tax exempt interest

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)

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