Welcome Guest. Register Now!  



Find a tax professional cpa near you

View Single Post
  #3 (permalink)  
Old 02-12-2009, 09:36 AM
DstructivePerc DstructivePerc is offline
Junior Member
 
Join Date: Feb 2009
Posts: 2
In the software I have indicated that I am a part-year resident. It asks for what allocation of dividend and interest income were earned in Maryland (and number so small that it can't make a real difference (approximately $16). The software then asks me what portion of my wages were earned in MD and I input all of my wages that were earned in MD (approximately $31,000). It then goes though MD additions, subtractions, and adjustments. The only adjustment we have is our moving expenses. There are no additions. The only subtraction I have is the Maryland Two-Income Subtraction, which we (my wife and I) get the standard subtraction. The software then gives us the standard deduction of $3,908. After all of this it lists our Federal AGI, our MD additions ($0), our MD subtractions ($1,200), and our Maryland income, which it now lists as around $41,000. It makes absolutely no sense to me.
Reply With Quote
 
Follow us on Twitter
» Categories
 
Individual
 » Income
 » IRA/Sep
 » Medical
 
Corporations
 
Forum for CPAs
 
Financial Planning