rbynaker
Level 13
03-27-2022
03:37 PM
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I'm in VA and I don't know the answer. (Note to self: I'm so happy I don't have any clients who did this 3-year spread!)
I would think this would still be MD source income since it was MD source when the actual transaction occurred and the IRC just spreads the taxation over three years. But I haven't seen anything from either side of the Potomac that would clarify this.
@sjrcpa may know to MD tax ramifications.
Rick