US OBLIGATIONS for State tax am at this point in my MD return on the left shows $12k Fed and right it blank where I’m to enter an amount.

[Dsf4man]

I don’t see a # on 1099B. Please advise

[AmyC · Accepted solution]

If you are a full year resident, the full amount would be entered to reduce your MD income.

If you are a part-year resident, enter the portion of the income earned from US Obligations while a MD resident.

Subtractions from income include interest on U.S. Savings Bonds and other U.S. obligations, capital gains from the sale or exchange of U.S. obligations, and dividends from mutual funds that invest in U.S. government obligations.

If you are high income, it will also adjust your exemption. 

See Tax Information for Individual Income Tax

[Dsf4man]

I'm a full year resident and to be clear, I'm  entering the amount that shows in the block Capital Gains/Federal into Total from US Obligations empty block? 

[ThomasM125]

The amount you enter for the US Obligations would be the amount of income you earned that were associated with US obligations, in other words US bonds, treasury notes, etc...

[Dsf4man]

Doesn't the software calculate that where it shows the $12k at Cap Gains/Federal Total and all I need to do is enter that number in Total from US obligations. The reply prior said that I should enter this entire amount if I'm a full-time resident of the state of MD, which I am. These are all stocks and not clear how to read my 1099B. 

[Dsf4man]

Doesn't the software calculate that where it shows the $12k at Cap Gains/Federal Total and all I need to do is enter that number in Total from US obligations. The reply prior said that I should enter this entire amount if I'm a full-time resident of the state of MD, which I am. These are all stocks and not clear how to read my 1099B. I'm still looking for a reply

[ThomasM125]

If your capital gains are from stock sales, then they are probably not from US obligations, unless you had investments in US treasury mutual funds. If your capital gains were from sales of corporate stock, like IBM, Walmart, Nabisco, etc...,  then you wouldn't enter anything when asked to enter income from US obligations.