Under Maryland state tax filing it says that "Capital gains from US obligations are tax free" I sold a home in 2019 in Maryland. Does that mean that the capital gains on the home sale are not taxed on my Maryland 2019 taxes?
djw
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No, your house was not a US Obligation. An example of a US Obligation would be savings bonds. The US borrows the money and is obligated to repay it.
The U.S. did not borrow money for you house.You must pay the tax.
I filed my taxes with the state of Maryland and there is a error. I deducted the capital gains from my income and I was not to do that. How do I correct the filing?
Since you already filed your return, you need to amend it to make the correction.
Here's how you amend your state return:
Amended return can't be e-file, you need to print it and mail it in.
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